LORENSEN ENTERPRISES INC. 401(K) PSP & TRUST

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 2022, LORENSEN ENTERPRISES INC. 401(K) PSP & TRUST allocates $63,482 to match its employees’ contributions, providing an employer match rate of 9.70% of their contributions

In 2022, the estimated average employer match for an employee in LORENSEN ENTERPRISES INC. 401(K) PSP & TRUST is approximately $243