LEEANN CHIN, INC. 401(K) PLAN

Overview

Plan Contact

  • Address: 3600 AMERICAN BLVD. WEST, SUITE 165,BLOOMINGTON,MN
  • Contact person: BETH PETERSON
  • Phone: (952) 820-1238

Plan General Information


At the end of 2022, the total retirement plan assets of LEEANN CHIN, INC. 401(K) PLAN is $5,050,051.This plan was established in 1993.

At the end of 2022, the total number of retirement plan participants in LEEANN CHIN, INC. 401(K) PLAN is 315

In 2022, the average participant retirement account value for LEEANN CHIN, INC. 401(K) PLAN is $16,031

In 2022, the estimated average employee contribution amount per participant for LEEANN CHIN, INC. 401(K) PLAN is $816

In 2022, the estimated average employer match for an employee in LEEANN CHIN, INC. 401(K) PLAN is approximately $136

In 2022, LEEANN CHIN, INC. 401(K) PLAN allocates $43,016 to match its employees’ contributions, providing an employer match rate of 16.29% of their contributions

In 2022, the total retirement plan asset growth rate of LEEANN CHIN, INC. 401(K) PLAN is -24.50%

In 2022, the estimated aggregate retirement account investment gain/loss for LEEANN CHIN, INC. 401(K) PLAN is -23.24%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LEEANN CHIN, INC. 401(K) PLAN is 0.18%.

Enrollment Features

LEEANN CHIN, INC. 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.