LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN
Plan Contact
- Address: 2600 8TH AVENUE,CHATTANOOGA,TN
- Phone: (423) 622-4161
Plan General Information
LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN is $9,307,795.00.This plan was established in 1973.
LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN is 166
LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN is $56,071.00
LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN is $3,184.00.
LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN is approximately $853.00
Investing in this additonal $853.00 for 20 years would give you extra $54,647.00, assuming a 10% annual return.
Investing in this additonal $853.00 for 20 years would give you extra $54,647.00, assuming a 10% annual return.
LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN allocates $141,743.00 to match its employees' contributions, providing an employer match rate of 26.98% of their contributions
LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN is 10.45%.
LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN is 14.72%. This measures the effectiveness of the plan participants' investments in the year.
LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LEE-SMITH, INC. AND LESCO, INC. 401(K) RETIREMENT PLAN is 0.33%.
Enrollment Features
LEE-SMITH, INC. AND LESCO, INC. 401(K) 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.
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