HANCOCK PHYSICIAN NETWORK 403(B) PLAN

At the end of 2022, the total retirement plan assets of HANCOCK PHYSICIAN NETWORK 403(B) PLAN is $25,630,539.This plan was established in 2021.

At the end of 2022, the total number of retirement plan participants in HANCOCK PHYSICIAN NETWORK 403(B) PLAN is 403

In 2022, the average participant retirement account value for HANCOCK PHYSICIAN NETWORK 403(B) PLAN is $63,599

In 2022, the estimated average employee contribution amount per participant for HANCOCK PHYSICIAN NETWORK 403(B) PLAN is $4,773

In 2022, the estimated average employer match for an employee in HANCOCK PHYSICIAN NETWORK 403(B) PLAN is approximately $2,815

In 2022, HANCOCK PHYSICIAN NETWORK 403(B) PLAN allocates $1,134,449 to match its employees’ contributions, providing an employer match rate of 67.32% of their contributions

In 2022, the total retirement plan asset growth rate of HANCOCK PHYSICIAN NETWORK 403(B) PLAN is -10.10%

In 2022, the estimated aggregate retirement account investment gain/loss for HANCOCK PHYSICIAN NETWORK 403(B) PLAN is -15.74%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of HANCOCK PHYSICIAN NETWORK 403(B) PLAN is 0.24%.

Enrollment Features

HANCOCK PHYSICIAN NETWORK 403(B) 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.