LAWSON INDUSTRIES, INC. 401(K) PLAN
Plan Contact
- Address: 8501 NW 90TH STREET,MEDLEY,FL
- Contact person: MAYDOLE ARENCIBIA
- Phone: (305) 696-8660
Plan General Information
LAWSON INDUSTRIES, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of LAWSON INDUSTRIES, INC. 401(K) PLAN is $2,891,083.00.This plan was established in 2002.
LAWSON INDUSTRIES, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in LAWSON INDUSTRIES, INC. 401(K) PLAN is 236
LAWSON INDUSTRIES, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for LAWSON INDUSTRIES, INC. 401(K) PLAN is $12,250.00
LAWSON INDUSTRIES, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for LAWSON INDUSTRIES, INC. 401(K) PLAN is $2,097.00.
LAWSON INDUSTRIES, INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in LAWSON INDUSTRIES, INC. 401(K) PLAN is approximately $322.00
Investing in this additonal $322.00 for 20 years would give you extra $20,647.00, assuming a 10% annual return.
Investing in this additonal $322.00 for 20 years would give you extra $20,647.00, assuming a 10% annual return.
LAWSON INDUSTRIES, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, LAWSON INDUSTRIES, INC. 401(K) PLAN allocates $76,139.00 to match its employees' contributions, providing an employer match rate of 30.76% of their contributions
LAWSON INDUSTRIES, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of LAWSON INDUSTRIES, INC. 401(K) PLAN is -11.68%.
LAWSON INDUSTRIES, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for LAWSON INDUSTRIES, INC. 401(K) PLAN is -14.08%. This measures the effectiveness of the plan participants' investments in the year.
LAWSON INDUSTRIES, INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of LAWSON INDUSTRIES, INC. 401(K) PLAN is 0.43%.
Enrollment Features
LAWSON INDUSTRIES, 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.
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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