LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN
Plan Contact
- Address: 1500 W KENNEDY RD,LAKE FOREST,IL
- Contact person: KRISTIN PAISLEY
- Phone: (847) 615-3209
Plan General Information
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN is $37,318,265.00.This plan was established in 1956.
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN is 172
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN is $216,966.00
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN is $6,984.00.
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN is approximately $6,065.00
Investing in this additonal $6,065.00 for 20 years would give you extra $388,176.00, assuming a 10% annual return.
Investing in this additonal $6,065.00 for 20 years would give you extra $388,176.00, assuming a 10% annual return.
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN Total Employer Contribution and Match Rate
In 2023, LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN allocates $1,043,224.00 to match its employees' contributions, providing an employer match rate of 91.91% of their contributions
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN is 21.50%.
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN is 18.15%. This measures the effectiveness of the plan participants' investments in the year.
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN is 0.29%.
Enrollment Features
LAKE FOREST ACADEMY DEFINED CONTRIBUTION PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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