LOVER’S LANE 401(K) PLAN
Overview
Plan Contact
- Address: 46750 PORT STREET,PLYMOUTH,MI
- Contact person: TAMASHIA BYRD
- Phone: (734) 414-0010
Plan General Information
At the end of 2022, the total retirement plan assets of LOVER’S LANE 401(K) PLAN is $2,663,725.This plan was established in 1998.
At the end of 2022, the total number of retirement plan participants in LOVER’S LANE 401(K) PLAN is 180
In 2022, the average participant retirement account value for LOVER’S LANE 401(K) PLAN is $14,798
In 2022, the estimated average employee contribution amount per participant for LOVER’S LANE 401(K) PLAN is $1,112
In 2022, the estimated average employer match for an employee in LOVER’S LANE 401(K) PLAN is approximately $528
In 2022, LOVER’S LANE 401(K) PLAN allocates $95,053 to match its employees’ contributions, providing an employer match rate of 49.94% of their contributions
In 2022, the total retirement plan asset growth rate of LOVER’S LANE 401(K) PLAN is -16.19%
In 2022, the estimated aggregate retirement account investment gain/loss for LOVER’S LANE 401(K) PLAN is -19.43%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LOVER’S LANE 401(K) PLAN is 0.04%.
Enrollment Features
LOVER’S LANE 401(K) PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.