UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN is $4,007,398.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN is 364

In 2022, the average participant retirement account value for UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN is $11,009

In 2022, the estimated average employee contribution amount per participant for UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN is $1,950

In 2022, the estimated average employer match for an employee in UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN is approximately $1,428

In 2022, UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN allocates $519,843 to match its employees’ contributions, providing an employer match rate of 74.85% of their contributions

In 2022, the total retirement plan asset growth rate of UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN is 7.39%

In 2022, the estimated aggregate retirement account investment gain/loss for UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN is -13.09%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of UTMB HEALTHCARE SYSTEMS RETIREMENT PLAN is 1.08%.

Enrollment Features

UTMB HEALTHCARE SYSTEMS RETIREMENT 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.