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

Oakland Medical Group, P.C.

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

 
 
54
3
65
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (54) and the top rated plan (85) could equate to:
[How is this calculated?]
14 additional years of work
Up to $221,500 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, P.C. 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 54. This plan is in the top 35% of plans for Salary Deferral. Oakland Medical Group, P.C. 401k Plan currently has over 300 active participants and over $4.1M in plan assets.

 

 Retirement Plan Details

Address 30000 Northwestern Hwy
Farmington Hills, MI 48334-3227 
Industry Offices of Physicians (except Mental Health Specialists)
Net Plan Assets $4,140,000
Total Participants 320
Avg Account Balance $13,000

 Top 3 Funds in this 401k

1. American Funds Fundamental Investors 20%
2. American Funds Growth Fund of America 20%
3. Invesco Stable Value Fund 11%

  Plan Service Providers

Administration American Funds
Auditor Purdy, Donovan & Beal, LLP
Corporate Trustee American Funds
Recordkeeper Great-West Life

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