LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN
Overview
Plan Contact
- Address: 750 N. WASHINGTON AVE,SAGINAW,MI
- Contact person: KELSEY FETTERS
- Phone: (989) 393-9802
Plan General Information
At the end of 2022, the total retirement plan assets of LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN is $5,919,855.This plan was established in 1992.
At the end of 2022, the total number of retirement plan participants in LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN is 135
In 2022, the average participant retirement account value for LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN is $43,850
In 2022, the estimated average employee contribution amount per participant for LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN is $3,639
In 2022, the estimated average employer match for an employee in LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN is approximately $1,851
In 2022, LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN allocates $250,000 to match its employees’ contributions, providing an employer match rate of 54.09% of their contributions
In 2022, the total retirement plan asset growth rate of LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN is -12.93%
In 2022, the estimated aggregate retirement account investment gain/loss for LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN is -18.95%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN is 0.45%.
Enrollment Features
LAKE STATE RAILWAY COMPANY 401(K) PROFIT SHARING PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.