LAKE ERIE COLLEGE RETIREMENT PLAN
Plan Contact
- Address: 391 WEST WASHINGTON STREET,PAINESVILLE,OH
- Contact person: ROGER CHRISTIANSON
- Phone: (440) 375-7214
Plan General Information
LAKE ERIE COLLEGE RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LAKE ERIE COLLEGE RETIREMENT PLAN is $21,465,368.00.This plan was established in 1947.
LAKE ERIE COLLEGE RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LAKE ERIE COLLEGE RETIREMENT PLAN is 516
LAKE ERIE COLLEGE RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LAKE ERIE COLLEGE RETIREMENT PLAN is $41,599.00
LAKE ERIE COLLEGE RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LAKE ERIE COLLEGE RETIREMENT PLAN is $1,321.00.
LAKE ERIE COLLEGE RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LAKE ERIE COLLEGE RETIREMENT PLAN is approximately $613.00
Investing in this additonal $613.00 for 20 years would give you extra $39,269.00, assuming a 10% annual return.
Investing in this additonal $613.00 for 20 years would give you extra $39,269.00, assuming a 10% annual return.
LAKE ERIE COLLEGE RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, LAKE ERIE COLLEGE RETIREMENT PLAN allocates $316,611.00 to match its employees' contributions, providing an employer match rate of 92.84% of their contributions
LAKE ERIE COLLEGE RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LAKE ERIE COLLEGE RETIREMENT PLAN is -2.39%.
LAKE ERIE COLLEGE RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LAKE ERIE COLLEGE RETIREMENT PLAN is 9.00%. This measures the effectiveness of the plan participants' investments in the year.
LAKE ERIE COLLEGE RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LAKE ERIE COLLEGE RETIREMENT PLAN is 0.01%.
Enrollment Features
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