LAPP HOLDING NA, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of LAPP HOLDING NA, INC. 401(K) PLAN is $35,580,194.This plan was established in 1993.

At the end of 2022, the total number of retirement plan participants in LAPP HOLDING NA, INC. 401(K) PLAN is 337

In 2022, the average participant retirement account value for LAPP HOLDING NA, INC. 401(K) PLAN is $105,579

In 2022, the estimated average employee contribution amount per participant for LAPP HOLDING NA, INC. 401(K) PLAN is $6,023

In 2022, the estimated average employer match for an employee in LAPP HOLDING NA, INC. 401(K) PLAN is approximately $3,138

In 2022, LAPP HOLDING NA, INC. 401(K) PLAN allocates $1,057,531 to match its employees’ contributions, providing an employer match rate of 55.83% of their contributions

In 2022, the total retirement plan asset growth rate of LAPP HOLDING NA, INC. 401(K) PLAN is -15.95%

In 2022, the estimated aggregate retirement account investment gain/loss for LAPP HOLDING NA, INC. 401(K) PLAN is -18.71%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LAPP HOLDING NA, INC. 401(K) PLAN is 0.19%.

Enrollment Features

LAPP HOLDING NA, INC. 401(K) 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.