CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN

At the end of 2022, the total retirement plan assets of CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN is $24,049,360.This plan was established in 1996.

At the end of 2022, the total number of retirement plan participants in CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN is 294

In 2022, the average participant retirement account value for CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN is $81,800

In 2022, the estimated average employee contribution amount per participant for CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN is $9,929

In 2022, the estimated average employer match for an employee in CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN is approximately $2,048

In 2022, CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN allocates $602,365 to match its employees’ contributions, providing an employer match rate of 41.27% of their contributions

In 2022, the total retirement plan asset growth rate of CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN is -11.74%

In 2022, the estimated aggregate retirement account investment gain/loss for CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN is -18.12%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN is 0.30%.

Enrollment Features

CARDIOTHORACIC & VASCULAR SURGICAL ASSOCIATES, PA 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.