LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN is $32,775,926.This plan was established in 1983.

At the end of 2022, the total number of retirement plan participants in LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN is 253

In 2022, the average participant retirement account value for LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN is $129,549

In 2022, the estimated average employee contribution amount per participant for LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN is $7,935

In 2022, the estimated average employer match for an employee in LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN is approximately $2,012

In 2022, LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN allocates $509,122 to match its employees’ contributions, providing an employer match rate of 26.24% of their contributions

In 2022, the total retirement plan asset growth rate of LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN is -24.10%

In 2022, the estimated aggregate retirement account investment gain/loss for LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN is -17.78%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS PLAN is 0.23%.

Enrollment Features

LAKE SHORE CRYOTRONICS, INC. RETIREMENT SAVINGS 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.