LABORATORY TESTING INC. RETIREMENT PLAN
Plan Contact
- Address: 2331 TOPAZ DRIVE,HATFIELD,PA
- Contact person: JEAN MOLONEY
- Phone: (215) 997-9080
Plan General Information
LABORATORY TESTING INC. RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LABORATORY TESTING INC. RETIREMENT PLAN is $14,505,619.00.This plan was established in 1988.
LABORATORY TESTING INC. RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LABORATORY TESTING INC. RETIREMENT PLAN is 212
LABORATORY TESTING INC. RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LABORATORY TESTING INC. RETIREMENT PLAN is $68,422.00
LABORATORY TESTING INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LABORATORY TESTING INC. RETIREMENT PLAN is $3,612.00.
LABORATORY TESTING INC. RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LABORATORY TESTING INC. RETIREMENT PLAN is approximately $945.00
Investing in this additonal $945.00 for 20 years would give you extra $60,527.00, assuming a 10% annual return.
Investing in this additonal $945.00 for 20 years would give you extra $60,527.00, assuming a 10% annual return.
LABORATORY TESTING INC. RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, LABORATORY TESTING INC. RETIREMENT PLAN allocates $200,498.00 to match its employees' contributions, providing an employer match rate of 25.12% of their contributions
LABORATORY TESTING INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LABORATORY TESTING INC. RETIREMENT PLAN is 12.33%.
LABORATORY TESTING INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LABORATORY TESTING INC. RETIREMENT PLAN is 20.79%. This measures the effectiveness of the plan participants' investments in the year.
LABORATORY TESTING INC. RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LABORATORY TESTING INC. RETIREMENT PLAN is 0.24%.
Enrollment Features
LABORATORY TESTING INC. RETIREMENT 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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