L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 17757 WOODLAND DRIVE,NEW BOSTON,MI
- Contact person: HARMISH SHAH
- Phone: (734) 397-6300
Plan General Information
L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN is $101,386,039.00.This plan was established in 2022.
L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN is 3653
L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN is $27,754.00
L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN is $1,830.00.
L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN is approximately $886.00
Investing in this additonal $886.00 for 20 years would give you extra $56,741.00, assuming a 10% annual return.
Investing in this additonal $886.00 for 20 years would give you extra $56,741.00, assuming a 10% annual return.
L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2021, L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN allocates $3,238,699.00 to match its employees' contributions, providing an employer match rate of 48.43% of their contributions
L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN is 13.55%.
L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN is 12.48%. This measures the effectiveness of the plan participants' investments in the year.
L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of L & W ENGINEERING CO. RETIREMENT SAVINGS PLAN is 0.19%.
Enrollment Features
L & W ENGINEERING CO. 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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