IRMC 403(B) PLAN

At the end of 2022, the total retirement plan assets of IRMC 403(B) PLAN is $111,656,822.This plan was established in 2003.

At the end of 2022, the total number of retirement plan participants in IRMC 403(B) PLAN is 2874

In 2022, the average participant retirement account value for IRMC 403(B) PLAN is $38,850

In 2022, the estimated average employee contribution amount per participant for IRMC 403(B) PLAN is $3,233

In 2022, the estimated average employer match for an employee in IRMC 403(B) PLAN is approximately $2,569

In 2022, IRMC 403(B) PLAN allocates $7,386,054 to match its employees’ contributions, providing an employer match rate of 70.45% of their contributions

In 2022, the total retirement plan asset growth rate of IRMC 403(B) PLAN is -11.65%

In 2022, the estimated aggregate retirement account investment gain/loss for IRMC 403(B) PLAN is -13.43%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of IRMC 403(B) PLAN is 0.08%.

Enrollment Features

IRMC 403(B) PLAN has the following features:
    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.