LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN
Plan Contact
- Address: 220 FRONTAGE ROAD,WEST HAVEN,CT
- Contact person: JOSE VELEZ JR.
- Phone: (203) 932-5801
Plan General Information
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN is $962,559.00.This plan was established in 1994.
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN is 199
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN is $4,836.00
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN is $428.00.
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN is approximately $16.00
Investing in this additonal $16.00 for 20 years would give you extra $1,026.00, assuming a 10% annual return.
Investing in this additonal $16.00 for 20 years would give you extra $1,026.00, assuming a 10% annual return.
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN allocates $3,192.00 to match its employees' contributions, providing an employer match rate of 4.14% of their contributions
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN is -17.45%.
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN is -17.16%. This measures the effectiveness of the plan participants' investments in the year.
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT PLAN is 0.08%.
Enrollment Features
LAKIN TIRE EAST, INC. SAVINGS & RETIREMENT 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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