LAKE FOREST COLLEGE RETIREMENT PLAN FOR FACULTY

Employer Match

An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.

In 2021, LAKE FOREST COLLEGE RETIREMENT PLAN FOR FACULTY allocates $1,490,200 to match its employees’ contributions, providing an employer match rate of 99.64% of their contributions

In 2021, the estimated average employer match for an employee in LAKE FOREST COLLEGE RETIREMENT PLAN FOR FACULTY is approximately $1,759