SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN
Plan Contact
- Address: 700 CONGRESS STREET,QUINCY,MA
- Contact person: BYRON LOWE
- Phone: (508) 897-1568
Plan General Information
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN is $88,242,706.00.This plan was established in 1988.
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN is 1336
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN is $66,049.00
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN is $4,756.00.
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN is approximately $958.00
Investing in this additonal $958.00 for 20 years would give you extra $61,362.00, assuming a 10% annual return.
Investing in this additonal $958.00 for 20 years would give you extra $61,362.00, assuming a 10% annual return.
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2023, SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN allocates $1,280,933.00 to match its employees' contributions, providing an employer match rate of 21.79% of their contributions
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN is 17.39%.
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN is 19.20%. This measures the effectiveness of the plan participants' investments in the year.
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING PLAN is 0.17%.
Enrollment Features
SHIELDS HEALTH CARE GROUP 401(K) PROFIT SHARING 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.
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