LESSEN, INC. 401(K) PLAN
Overview
Plan Contact
- Address: 4800 N SCOTTSDALE RD,,SCOTTSDALE,AZ
- Contact person: AMY BOYSEN
- Phone: (480) 576-7200
Plan General Information
At the end of 2022, the total retirement plan assets of LESSEN, INC. 401(K) PLAN is $5,305,343.This plan was established in 2020.
At the end of 2022, the total number of retirement plan participants in LESSEN, INC. 401(K) PLAN is 540
In 2022, the average participant retirement account value for LESSEN, INC. 401(K) PLAN is $9,824
In 2022, the estimated average employee contribution amount per participant for LESSEN, INC. 401(K) PLAN is $9,206
In 2022, the estimated average employer match for an employee in LESSEN, INC. 401(K) PLAN is approximately $253
In 2022, LESSEN, INC. 401(K) PLAN allocates $136,968 to match its employees’ contributions, providing an employer match rate of 5.51% of their contributions
In 2022, the total retirement plan asset growth rate of LESSEN, INC. 401(K) PLAN is 128.78%
In 2022, the estimated aggregate retirement account investment gain/loss for LESSEN, INC. 401(K) PLAN is -13.39%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LESSEN, INC. 401(K) PLAN is 0.39%.
Enrollment Features
LESSEN, 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.