SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN
Plan Contact
- Address: P O BOX 14001,SALEM,OR
- Contact person: SOPHIA HEIDE
- Phone: (503) 814-1862
Plan General Information
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN is $844,077,860.00.This plan was established in 1982.
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN is 6852
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN is $123,187.00
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN is $7,251.00.
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN is approximately $3,859.00
Investing in this additonal $3,859.00 for 20 years would give you extra $246,979.00, assuming a 10% annual return.
Investing in this additonal $3,859.00 for 20 years would give you extra $246,979.00, assuming a 10% annual return.
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN allocates $26,442,191.00 to match its employees' contributions, providing an employer match rate of 56.33% of their contributions
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN is 20.56%.
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN is 17.32%. This measures the effectiveness of the plan participants' investments in the year.
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN is 0.08%.
Enrollment Features
SALEM HEALTH HOSPITALS & CLINICS RETIREMENT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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