LANE'S RETIREMENT SAVINGS AND PENSION PLAN

Plan Contact

  • Address: 275 GRANDVIEW AVENUE,CAMP HILL,PA
  • Contact person: CRYSTAL SKOTEDIS
  • Phone: (717) 761-8175

Plan General Information

LANE'S RETIREMENT SAVINGS AND PENSION PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of LANE'S RETIREMENT SAVINGS AND PENSION PLAN is $30,526,314.00.This plan was established in 1986.

LANE'S RETIREMENT SAVINGS AND PENSION PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in LANE'S RETIREMENT SAVINGS AND PENSION PLAN is 478

LANE'S RETIREMENT SAVINGS AND PENSION PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for LANE'S RETIREMENT SAVINGS AND PENSION PLAN is $63,862.00

LANE'S RETIREMENT SAVINGS AND PENSION PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for LANE'S RETIREMENT SAVINGS AND PENSION PLAN is $4,536.00.

LANE'S RETIREMENT SAVINGS AND PENSION PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in LANE'S RETIREMENT SAVINGS AND PENSION PLAN is approximately $2,185.00
Investing in this additonal $2,185.00 for 20 years would give you extra $139,853.00, assuming a 10% annual return.

LANE'S RETIREMENT SAVINGS AND PENSION PLAN Total Employer Contribution and Match Rate

In 2023, LANE'S RETIREMENT SAVINGS AND PENSION PLAN allocates $1,044,530.00 to match its employees' contributions, providing an employer match rate of 53.67% of their contributions

LANE'S RETIREMENT SAVINGS AND PENSION PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of LANE'S RETIREMENT SAVINGS AND PENSION PLAN is 19.42%.

LANE'S RETIREMENT SAVINGS AND PENSION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for LANE'S RETIREMENT SAVINGS AND PENSION PLAN is 16.84%. This measures the effectiveness of the plan participants' investments in the year.

LANE'S RETIREMENT SAVINGS AND PENSION PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of LANE'S RETIREMENT SAVINGS AND PENSION PLAN is 0.27%.

Enrollment Features

LANE'S RETIREMENT SAVINGS AND PENSION 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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