LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN
Plan Contact
- Address: 1111 FOREST PARK ST,LAKELAND,FL
- Contact person: TRACY CROSBY
- Phone: (863) 688-2771
Plan General Information
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN is $7,462,218.00.This plan was established in 2002.
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN is 173
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN is $43,134.00
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN is $2,094.00.
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN is approximately $1,767.00
Investing in this additonal $1,767.00 for 20 years would give you extra $113,092.00, assuming a 10% annual return.
Investing in this additonal $1,767.00 for 20 years would give you extra $113,092.00, assuming a 10% annual return.
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN allocates $305,704.00 to match its employees' contributions, providing an employer match rate of 82.22% of their contributions
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN is 16.85%.
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN is 11.78%. This measures the effectiveness of the plan participants' investments in the year.
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LAKELAND CHRISTIAN SCHOOL, INC. 403(B) RETIREMENT PLAN is 0.52%.
Enrollment Features
LAKELAND CHRISTIAN SCHOOL, INC. 403(B) 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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