LB&B ASSOCIATES INC. RETIREMENT PLAN
Plan Contact
- Address: 9891 BROKEN LAND PARKWAY, SUITE 400,COLUMBIA,MD
- Contact person: JESSICA TRAFF
- Phone: (301) 596-2440
Plan General Information
LB&B ASSOCIATES INC. RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LB&B ASSOCIATES INC. RETIREMENT PLAN is $22,097,954.00.This plan was established in 2002.
LB&B ASSOCIATES INC. RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LB&B ASSOCIATES INC. RETIREMENT PLAN is 435
LB&B ASSOCIATES INC. RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LB&B ASSOCIATES INC. RETIREMENT PLAN is $50,799.00
LB&B ASSOCIATES INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LB&B ASSOCIATES INC. RETIREMENT PLAN is $2,671.00.
LB&B ASSOCIATES INC. RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LB&B ASSOCIATES INC. RETIREMENT PLAN is approximately $3,034.00
Investing in this additonal $3,034.00 for 20 years would give you extra $194,214.00, assuming a 10% annual return.
Investing in this additonal $3,034.00 for 20 years would give you extra $194,214.00, assuming a 10% annual return.
LB&B ASSOCIATES INC. RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, LB&B ASSOCIATES INC. RETIREMENT PLAN allocates $1,320,051.00 to match its employees' contributions, providing an employer match rate of 91.33% of their contributions
LB&B ASSOCIATES INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LB&B ASSOCIATES INC. RETIREMENT PLAN is 27.06%.
LB&B ASSOCIATES INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LB&B ASSOCIATES INC. RETIREMENT PLAN is 17.36%. This measures the effectiveness of the plan participants' investments in the year.
LB&B ASSOCIATES INC. RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LB&B ASSOCIATES INC. RETIREMENT PLAN is 0.57%.
Enrollment Features
LB&B ASSOCIATES INC. 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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