MODERNIZING MEDICINE, INC. 401(K) PLAN
- Address: 4850 TREX AVENUE, SUITE 200,BOCA RATON,FL
- Contact person: DENISE MORGAN
- Phone: (561) 880-2998
MODERNIZING MEDICINE, INC. 401(K) PLAN has the following features:
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
At the end of 2022, the total retirement plan assets of MODERNIZING MEDICINE, INC. 401(K) PLAN is $62,287,974.00.This plan was established in 2010.
At the end of 2022, the total number of retirement plan participants in MODERNIZING MEDICINE, INC. 401(K) PLAN is 1343
In 2022, the average participant retirement account value for MODERNIZING MEDICINE, INC. 401(K) PLAN is $46,379.00
In 2022, the estimated average employee contribution amount per participant for MODERNIZING MEDICINE, INC. 401(K) PLAN is $8,804.00
In 2022, the estimated average employer match for an employee in MODERNIZING MEDICINE, INC. 401(K) PLAN is approximately $3,619.00
In 2022, MODERNIZING MEDICINE, INC. 401(K) PLAN allocates $4,861,176.00 to match its employees' contributions, providing an employer match rate of 48.24% of their contributions
In 2022, the total retirement plan asset growth rate of MODERNIZING MEDICINE, INC. 401(K) PLAN is 0.50%
In 2022, the estimated aggregate retirement account investment gain/loss for MODERNIZING MEDICINE, INC. 401(K) PLAN is -17.62%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of MODERNIZING MEDICINE, INC. 401(K) PLAN is 0.19%.
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