BrightScope Rating
Company:
Albert Lea Medical Center-Mayo Health System
Plan:
Albert Lea Medical Center Money Purchase Plan
Albert Lea Medical Center-Mayo Health System
56
Plan:
5
53
93
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 37 point difference between this plan's BrightScope Rating (56) and the top rated plan (93) could equate to:
[How is this calculated?]
[How is this calculated?]
22 additional years of work Up to $191,000 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.
Plan Description
Albert Lea Medical Center Money Purchase Plan is a defined contribution plan. This plan has a BrightScope Rating of 56. This plan is in the top 15% of plans for Total Plan Cost. Albert Lea Medical Center Money Purchase Plan currently has over 1,300 active participants and over $40.4M in plan assets.
Plan Details
| Address | 404 West Fountain Street Albert Lea, MN 56007 |
| Industry | Hospitals |
| Administrator | Monica Fleegel |
| Net Plan Assets | $40,500,000 |
| Total Participants | 1,500 |
| Avg Account Balance | $27,000 |
Top 3 Investment Holdings
| 1. | American Funds Washington Mutual | 19% |
| 2. | American Funds Growth Fund of America | 16% |
| 3. | American Funds American Balanced | 15% |
Other Companies in Peer Group
| United Emergency Services | 72.7 |
| Cornerstone Health Care, P.A. | 69.0 |
| Central Washington Hospital | 57.3 |
| HCF Management | 49.9 |
| Peabody Retirement Community(Estelle) | 39.8 |
| Carestaf of Kansas City | 37.8 |
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