LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN

Overview

Plan Contact

  • Address: 625 WEST A STREET,LINCOLN,NE
  • Contact person: LAURI EARHART
  • Phone: (402) 477-8988

Plan General Information


At the end of 2022, the total retirement plan assets of LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN is $11,758,686.This plan was established in 1981.

At the end of 2022, the total number of retirement plan participants in LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN is 142

In 2022, the average participant retirement account value for LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN is $82,807

In 2022, the estimated average employee contribution amount per participant for LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN is $3,515

In 2022, the estimated average employer match for an employee in LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN is approximately $1,007

In 2022, LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN allocates $143,032 to match its employees’ contributions, providing an employer match rate of 28.55% of their contributions

In 2022, the total retirement plan asset growth rate of LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN is -15.47%

In 2022, the estimated aggregate retirement account investment gain/loss for LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN is -14.88%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN is 0.26%.

Enrollment Features

LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS 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.