LAKELAND AUTOMALL 401(K) RETIREMENT PLAN
Plan Contact
- Address: 1430 WEST MEMORIAL BOULEVARD,LAKELAND,FL
- Contact person: CORY NEUPAUER
- Phone: (863) 682-1100
Plan General Information
LAKELAND AUTOMALL 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LAKELAND AUTOMALL 401(K) RETIREMENT PLAN is $7,764,050.00.This plan was established in 1988.
LAKELAND AUTOMALL 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LAKELAND AUTOMALL 401(K) RETIREMENT PLAN is 317
LAKELAND AUTOMALL 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LAKELAND AUTOMALL 401(K) RETIREMENT PLAN is $24,492.00
LAKELAND AUTOMALL 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LAKELAND AUTOMALL 401(K) RETIREMENT PLAN is $3,893.00.
LAKELAND AUTOMALL 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LAKELAND AUTOMALL 401(K) RETIREMENT PLAN is approximately $942.00
Investing in this additonal $942.00 for 20 years would give you extra $60,327.00, assuming a 10% annual return.
Investing in this additonal $942.00 for 20 years would give you extra $60,327.00, assuming a 10% annual return.
LAKELAND AUTOMALL 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, LAKELAND AUTOMALL 401(K) RETIREMENT PLAN allocates $298,811.00 to match its employees' contributions, providing an employer match rate of 27.61% of their contributions
LAKELAND AUTOMALL 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LAKELAND AUTOMALL 401(K) RETIREMENT PLAN is 34.61%.
LAKELAND AUTOMALL 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LAKELAND AUTOMALL 401(K) RETIREMENT PLAN is 18.91%. This measures the effectiveness of the plan participants' investments in the year.
LAKELAND AUTOMALL 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LAKELAND AUTOMALL 401(K) RETIREMENT PLAN is 0.75%.
Enrollment Features
LAKELAND AUTOMALL 401(K) 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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