First Medical Management, Inc.
56
Plan:
First Medical Management 401k Savings Plan
25
58
82
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 26 point difference between this plan's BrightScope Rating (56) and the top rated plan (82) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $206,400 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
First Medical Management 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 56. This plan is in the top 15% of plans for Investment Menu Quality. First Medical Management 401k Savings Plan currently has over 600 active participants and over $7.4M in plan assets.
Retirement Plan Details
| Address |
2800 Pacific Ave., Suite A
Long Beach, CA 92806 |
| Industry | Health Care and Social Assistance |
| Administrator | Tia Schiller |
| Net Plan Assets | $7,400,000 |
| Total Participants | 620 |
| Avg Account Balance | $12,000 |
Compare Other Companies in Peer Group
| Texas Heart Institute | 66.9 |
| Health Inventures, LLC | 65.0 |
| LifeShare Blood Centers | 62.0 |
| Kwph Enterprises d/b/a American... | 59.9 |
| Tatung Company of America | 59.4 |
| Schaefer Ambulance Service | 47.4 |
Top 3 Funds in this 401k
| 1. | VALIC Fixed Account Plus | 23% |
| 2. | VALIC Fixed Interest Option Fund | 14% |
| 3. | VALIC I Mid Cap Index | 6% |
Plan Service Providers
| Insurance Carrier | Valic |
| Insurance Advisor/Broker | Michael J. Schaeffer |
| Insurance Advisor/Broker | Joseph W Lemon |
| Insurance Advisor/Broker | Raymundo Rodriguera |
| Insurance Advisor/Broker | Robert M Elster |
| Insurance Advisor/Broker | Robert W. Reid |
| Legal Counsel | Valic |
| Investment Adviser | Valic |
| Auditor | Lesley, Thomas, Schwarz & Postma |
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