L & M SUPPLY RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 1200 E US HIGHWAY 169,GRAND RAPIDS,MN
- Contact person: MICHELLE GRABER
- Phone: (218) 326-9783
Plan General Information
L & M SUPPLY RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of L & M SUPPLY RETIREMENT SAVINGS PLAN is $35,126,917.00.This plan was established in 1989.
L & M SUPPLY RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in L & M SUPPLY RETIREMENT SAVINGS PLAN is 780
L & M SUPPLY RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for L & M SUPPLY RETIREMENT SAVINGS PLAN is $45,034.00
L & M SUPPLY RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for L & M SUPPLY RETIREMENT SAVINGS PLAN is $2,678.00.
L & M SUPPLY RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in L & M SUPPLY RETIREMENT SAVINGS PLAN is approximately $2,308.00
Investing in this additonal $2,308.00 for 20 years would give you extra $147,730.00, assuming a 10% annual return.
Investing in this additonal $2,308.00 for 20 years would give you extra $147,730.00, assuming a 10% annual return.
L & M SUPPLY RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, L & M SUPPLY RETIREMENT SAVINGS PLAN allocates $1,800,471.00 to match its employees' contributions, providing an employer match rate of 90.96% of their contributions
L & M SUPPLY RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of L & M SUPPLY RETIREMENT SAVINGS PLAN is 15.23%.
L & M SUPPLY RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for L & M SUPPLY RETIREMENT SAVINGS PLAN is 15.57%. This measures the effectiveness of the plan participants' investments in the year.
L & M SUPPLY RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of L & M SUPPLY RETIREMENT SAVINGS PLAN is 0.37%.
Enrollment Features
L & M SUPPLY RETIREMENT SAVINGS 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.
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