HealthPlus of Michigan, Inc.
76
Plan:
HealthPlus of Michigan Flexible Compensation Plan
41
74
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (76) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
10 additional years of work Up to $93,800 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
HealthPlus of Michigan Flexible Compensation Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 76. This plan is in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, and Total Plan Cost. HealthPlus of Michigan Flexible Compensation Plan currently has over 400 active participants and over $43.1M in plan assets.
Retirement Plan Details
| Address |
2050 S. Linden Road
Flint, MI 48532-4161 |
| Industry | Finance and Insurance |
| Administrator | Theresa Schurman |
| Net Plan Assets | $43,100,000 |
| Total Participants | 480 |
| Avg Account Balance | $90,000 |
Compare Other Companies in Peer Group
| Euler Hermes ACI | 81.0 |
| Quincy Mutual Fire Insurance Co. | 75.5 |
| Ameritas Holding Company | 74.0 |
| AAA Life Insurance Company | 71.1 |
| SECURA Insurance, A Mutual Company | 68.8 |
| Golden Rule Insurance Company | 41.4 |
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