LAPP HOLDING NA, INC. 401(K) PLAN
Plan Contact
- Address: 29 HANOVER ROAD,FLORHAM PARK,NJ
- Contact person: KAMRAN ROSHAN
- Phone: (973) 660-9700
Plan General Information
LAPP HOLDING NA, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LAPP HOLDING NA, INC. 401(K) PLAN is $39,649,853.00.This plan was established in 1993.
LAPP HOLDING NA, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LAPP HOLDING NA, INC. 401(K) PLAN is 374
LAPP HOLDING NA, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LAPP HOLDING NA, INC. 401(K) PLAN is $106,015.00
LAPP HOLDING NA, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LAPP HOLDING NA, INC. 401(K) PLAN is $6,089.00.
LAPP HOLDING NA, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LAPP HOLDING NA, INC. 401(K) PLAN is approximately $2,983.00
Investing in this additonal $2,983.00 for 20 years would give you extra $190,930.00, assuming a 10% annual return.
Investing in this additonal $2,983.00 for 20 years would give you extra $190,930.00, assuming a 10% annual return.
LAPP HOLDING NA, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, LAPP HOLDING NA, INC. 401(K) PLAN allocates $1,115,753.00 to match its employees' contributions, providing an employer match rate of 55.02% of their contributions
LAPP HOLDING NA, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LAPP HOLDING NA, INC. 401(K) PLAN is 11.44%.
LAPP HOLDING NA, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LAPP HOLDING NA, INC. 401(K) PLAN is 17.85%. This measures the effectiveness of the plan participants' investments in the year.
LAPP HOLDING NA, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LAPP HOLDING NA, INC. 401(K) PLAN is 0.20%.
Enrollment Features
LAPP HOLDING NA, INC. 401(K) 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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