LOWELL SCHOOL DEFINED CONTRIBUTION PLAN

At the end of 2022, the total retirement plan assets of LOWELL SCHOOL DEFINED CONTRIBUTION PLAN is $15,660,027.This plan was established in 1999.

At the end of 2022, the total number of retirement plan participants in LOWELL SCHOOL DEFINED CONTRIBUTION PLAN is 277

In 2022, the average participant retirement account value for LOWELL SCHOOL DEFINED CONTRIBUTION PLAN is $56,534

In 2022, the estimated average employee contribution amount per participant for LOWELL SCHOOL DEFINED CONTRIBUTION PLAN is $1,451

In 2022, the estimated average employer match for an employee in LOWELL SCHOOL DEFINED CONTRIBUTION PLAN is approximately $1,596

In 2022, LOWELL SCHOOL DEFINED CONTRIBUTION PLAN allocates $442,173 to match its employees’ contributions, providing an employer match rate of 111.57% of their contributions

In 2022, the total retirement plan asset growth rate of LOWELL SCHOOL DEFINED CONTRIBUTION PLAN is -17.84%

In 2022, the estimated aggregate retirement account investment gain/loss for LOWELL SCHOOL DEFINED CONTRIBUTION PLAN is -15.31%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOWELL SCHOOL DEFINED CONTRIBUTION PLAN is 0.05%.

Enrollment Features

LOWELL SCHOOL DEFINED CONTRIBUTION 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.