LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST

At the end of 2022, the total retirement plan assets of LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is $878,350.This plan was established in 1978.

At the end of 2022, the total number of retirement plan participants in LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is 179

In 2022, the average participant retirement account value for LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is $4,906

In 2022, the estimated average employee contribution amount per participant for LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is $299

In 2022, the estimated average employer match for an employee in LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $149

In 2022, LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST allocates $26,721 to match its employees’ contributions, providing an employer match rate of 63.02% of their contributions

In 2022, the total retirement plan asset growth rate of LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is -88.65%

In 2022, the estimated aggregate retirement account investment gain/loss for LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is -28.08%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is 4.33%.

Enrollment Features

LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.