MTBC HEALTH, INC. 401(K) PLAN
Plan Contact
- Address: 7 CLYDE ROAD,SOMERSET,NJ
- Contact person: JENNY RIOS
- Phone: (732) 873-5133
Plan General Information
MTBC HEALTH, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of MTBC HEALTH, INC. 401(K) PLAN is $8,829,092.00.This plan was established in 2018.
MTBC HEALTH, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in MTBC HEALTH, INC. 401(K) PLAN is 276
MTBC HEALTH, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for MTBC HEALTH, INC. 401(K) PLAN is $31,989.00
MTBC HEALTH, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for MTBC HEALTH, INC. 401(K) PLAN is $4,841.00.
MTBC HEALTH, INC. 401(K) PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in MTBC HEALTH, INC. 401(K) PLAN is approximately $533.00
Investing in this additonal $533.00 for 20 years would give you extra $34,144.00, assuming a 10% annual return.
Investing in this additonal $533.00 for 20 years would give you extra $34,144.00, assuming a 10% annual return.
MTBC HEALTH, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2020, MTBC HEALTH, INC. 401(K) PLAN allocates $147,249.00 to match its employees' contributions, providing an employer match rate of 22.04% of their contributions
MTBC HEALTH, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of MTBC HEALTH, INC. 401(K) PLAN is 68.87%.
MTBC HEALTH, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for MTBC HEALTH, INC. 401(K) PLAN is 13.51%. This measures the effectiveness of the plan participants' investments in the year.
MTBC HEALTH, INC. 401(K) PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of MTBC HEALTH, INC. 401(K) PLAN is 0.22%.
Enrollment Features
MTBC HEALTH, 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.
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