LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN
Plan Contact
- Address: 4389 INTERNATIONAL GATEWAY,COLUMBUS,OH
- Contact person: TERESA GRAY
- Phone: (614) 237-3747
Plan General Information
LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN is $9,002,120.00.This plan was established in 2022.
LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN is 113
LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN is $79,664.00
LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN is $3,815.00.
LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN is approximately $675.00
Investing in this additonal $675.00 for 20 years would give you extra $43,255.00, assuming a 10% annual return.
Investing in this additonal $675.00 for 20 years would give you extra $43,255.00, assuming a 10% annual return.
LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN Total Employer Contribution and Match Rate
In 2021, LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN allocates $76,373.00 to match its employees' contributions, providing an employer match rate of 17.71% of their contributions
LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN is 13.26%.
LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN is 17.45%. This measures the effectiveness of the plan participants' investments in the year.
LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of LANE AVIATION CORPORATION PROFIT SHARING 401(K) PLAN is 0.61%.
Enrollment Features
LANE AVIATION CORPORATION PROFIT SHARING 401(K) 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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