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Company:
Fairmont Medical Center - Mayo Health System
Plan:
Fairmont Medical Center - Mayo Health System Employee's Pension Plan
 

Fairmont Medical Center - Mayo Health System

45 Plan:

 
 
45
16
51
76
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 (45) and the top rated plan (76) could equate to:
[How is this calculated?]
13 additional years of work
Up to $199,200 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

Fairmont Medical Center - Mayo Health System Employee's Pension Plan is a defined contribution plan. This plan has a BrightScope Rating of 45. This plan is in the top 35% of plans for Investment Menu Quality. Fairmont Medical Center - Mayo Health System Employee's Pension Plan currently has over 300 active participants and over $5.9M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
22
Plan Average: 24
Top 3 Funds in this 403b
1. American Century Strategic Allocation: Moderate 23%
2. T. Rowe Price Growth Stock 19%
3. SSgA S&P 500 Index 10%

 Retirement Plan Details

Address 800 Medical Center Drive
Fairmont, MN 56031 
Industry Health Care and Social Assistance
Administrator Brian Suter
Net Plan Assets $5,860,000
Total Participants 320
Avg Account Balance $20,000

  Plan Service Providers

Insurance Carrier American United Life
Insurance Advisor/Broker Gardner & White
Auditor McGladrey

 Comments