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Company:
Oakland Medical Group, P.C.
Plan:
Oakland Medical Group 401k Plan
 

Oakland Medical Group, P.C.

57 Plan: Oakland Medical Group 401k Plan

 
 
57
32
69
89
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 32 point difference between this plan's BrightScope Rating (57) and the top rated plan (89) could equate to:
[How is this calculated?]
16 additional years of work
Up to $240,200 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

Oakland Medical Group 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 57. This plan is in the top 15% of plans for Salary Deferral. Oakland Medical Group 401k Plan currently has over 400 active participants and over $6.8M in plan assets.


 Investment Menu Statistics

No. of Investment Options
17
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. American Funds Growth Fund of America 15%
2. Invesco Stable Value Fund 15%
3. American Funds Fundamental Investors 12%

 Retirement Plan Details

Address 30000 Northwestern Hwy
Farmington Hills, MI 48334 
Industry Offices of Physicians (except Mental Health Specialists)
Administrator Michael Laffer
Net Plan Assets $6,820,000
Total Participants 460
Avg Account Balance $44,000

  Plan Service Providers

Recordkeeper American Funds (Capital Group)
Auditor Purdy, Donovan & Beal, LLP