SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT
Plan Contact
- Address: 100 MEDICAL CENTER WAY,SOMERS POINT,NJ
- Contact person: ALAN BEATTY
- Phone: (609) 653-3500
Plan General Information
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT is $47,395,435.00.This plan was established in 2022.
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT is 1217
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT Average Participant Retirement Account Value
In 2021, the average participant retirement account value for SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT is $38,944.00
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT is $2,578.00.
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT is approximately $1,132.00
Investing in this additonal $1,132.00 for 20 years would give you extra $72,486.00, assuming a 10% annual return.
Investing in this additonal $1,132.00 for 20 years would give you extra $72,486.00, assuming a 10% annual return.
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT Total Employer Contribution and Match Rate
In 2021, SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT allocates $1,378,377.00 to match its employees' contributions, providing an employer match rate of 43.92% of their contributions
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT is 20.89%.
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT is 15.19%. This measures the effectiveness of the plan participants' investments in the year.
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT Expense Ratio
In 2021, the investment and administrative expense ratio of SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT is 0.44%.
Enrollment Features
SHORE MEDICAL CENTER 401(K) SAVINGS AND RETIREMENT 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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