SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN
Plan Contact
- Address: 101 PAGE ST,NEW BEDFORD,MA
- Contact person: BETH BARKER
- Phone: (508) 961-5129
Plan General Information
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN is $1,044,767,970.00.This plan was established in 1987.
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN is 9974
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN is $104,749.00
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN is $4,385.00.
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN is approximately $2,339.00
Investing in this additonal $2,339.00 for 20 years would give you extra $149,756.00, assuming a 10% annual return.
Investing in this additonal $2,339.00 for 20 years would give you extra $149,756.00, assuming a 10% annual return.
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN Total Employer Contribution and Match Rate
In 2023, SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN allocates $23,338,674.00 to match its employees' contributions, providing an employer match rate of 54.16% of their contributions
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN is 9.97%.
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN is 12.37%. This measures the effectiveness of the plan participants' investments in the year.
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SOUTHCOAST HEALTH SYSTEM PARTNERSHIP PLAN is 0.07%.
Enrollment Features
SOUTHCOAST HEALTH SYSTEM PARTNERSHIP 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.
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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