LECTRA USA 401(K) PLAN

At the end of 2022, the total retirement plan assets of LECTRA USA 401(K) PLAN is $101,253,504.This plan was established in 1985.

At the end of 2022, the total number of retirement plan participants in LECTRA USA 401(K) PLAN is 544

In 2022, the average participant retirement account value for LECTRA USA 401(K) PLAN is $186,127

In 2022, the estimated average employee contribution amount per participant for LECTRA USA 401(K) PLAN is $13,337

In 2022, the estimated average employer match for an employee in LECTRA USA 401(K) PLAN is approximately $2,027

In 2022, LECTRA USA 401(K) PLAN allocates $1,102,921 to match its employees’ contributions, providing an employer match rate of 30.40% of their contributions

In 2022, the total retirement plan asset growth rate of LECTRA USA 401(K) PLAN is -11.49%

In 2022, the estimated aggregate retirement account investment gain/loss for LECTRA USA 401(K) PLAN is -7.88%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LECTRA USA 401(K) PLAN is 0.09%.

Enrollment Features

LECTRA USA 401(K) 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.