LEATHER CRAFTSMEN, INC. RETIREMENT PLAN
Plan Contact
- Address: 51 CAROLYN BLVD.,FARMINGDALE,NY
- Contact person: HOWARD SCHNEIDER
- Phone: (631) 752-9000
Plan General Information
LEATHER CRAFTSMEN, INC. RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2010, the total retirement plan assets of LEATHER CRAFTSMEN, INC. RETIREMENT PLAN is $7,322,321.00.This plan was established in 1983.
LEATHER CRAFTSMEN, INC. RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2010, the total number of retirement plan participants in LEATHER CRAFTSMEN, INC. RETIREMENT PLAN is 113
LEATHER CRAFTSMEN, INC. RETIREMENT PLAN Average Participant Retirement Account Value
In 2010, the average participant retirement account value for LEATHER CRAFTSMEN, INC. RETIREMENT PLAN is $64,799.00
LEATHER CRAFTSMEN, INC. RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2010, the estimated average employee contribution amount per participant for LEATHER CRAFTSMEN, INC. RETIREMENT PLAN is $4,004.00.
LEATHER CRAFTSMEN, INC. RETIREMENT PLAN Estimated Average Employer Match
In 2010, the estimated average employer match for an employee in LEATHER CRAFTSMEN, INC. RETIREMENT PLAN is approximately $31.00
Investing in this additonal $31.00 for 20 years would give you extra $2,000.00, assuming a 10% annual return.
Investing in this additonal $31.00 for 20 years would give you extra $2,000.00, assuming a 10% annual return.
LEATHER CRAFTSMEN, INC. RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2010, LEATHER CRAFTSMEN, INC. RETIREMENT PLAN allocates $3,533.00 to match its employees' contributions, providing an employer match rate of 1.56% of their contributions
LEATHER CRAFTSMEN, INC. RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2010, the total retirement plan asset growth rate of LEATHER CRAFTSMEN, INC. RETIREMENT PLAN is 8.31%.
LEATHER CRAFTSMEN, INC. RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2010, the estimated aggregate retirement account investment gain/loss for LEATHER CRAFTSMEN, INC. RETIREMENT PLAN is 10.34%. This measures the effectiveness of the plan participants' investments in the year.
LEATHER CRAFTSMEN, INC. RETIREMENT PLAN Expense Ratio
In 2010, the investment and administrative expense ratio of LEATHER CRAFTSMEN, INC. RETIREMENT PLAN is 0.13%.
Enrollment Features
LEATHER CRAFTSMEN, INC. RETIREMENT 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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