LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST

At the end of 2022, the total retirement plan assets of LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST is $3,167,511.This plan was established in 2005.

At the end of 2022, the total number of retirement plan participants in LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST is 288

In 2022, the average participant retirement account value for LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST is $10,998

In 2022, the estimated average employee contribution amount per participant for LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST is $1,616

In 2022, the estimated average employer match for an employee in LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST is approximately $753

In 2022, LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST allocates $216,997 to match its employees’ contributions, providing an employer match rate of 44.44% of their contributions

In 2022, the total retirement plan asset growth rate of LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST is -7.91%

In 2022, the estimated aggregate retirement account investment gain/loss for LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST is -15.51%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST is 1.28%.

Enrollment Features

LAKESHORE EMPLOYMENT INC 401(K) PROFIT SHARING PLAN AND TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.