LG&E AND KU SAVINGS PLAN
Plan Contact
- Address: P.O BOX 32010,LOUISVILLE,KY
- Contact person: CHRISTINE HESS
- Phone: (502) 627-2000
Plan General Information
LG&E AND KU SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LG&E AND KU SAVINGS PLAN is $918,603,641.00.This plan was established in 1987.
LG&E AND KU SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LG&E AND KU SAVINGS PLAN is 4107
LG&E AND KU SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LG&E AND KU SAVINGS PLAN is $223,667.00
LG&E AND KU SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LG&E AND KU SAVINGS PLAN is $7,509.00.
LG&E AND KU SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LG&E AND KU SAVINGS PLAN is approximately $5,106.00
Investing in this additonal $5,106.00 for 20 years would give you extra $326,825.00, assuming a 10% annual return.
Investing in this additonal $5,106.00 for 20 years would give you extra $326,825.00, assuming a 10% annual return.
LG&E AND KU SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, LG&E AND KU SAVINGS PLAN allocates $20,973,011.00 to match its employees' contributions, providing an employer match rate of 64.59% of their contributions
LG&E AND KU SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LG&E AND KU SAVINGS PLAN is 7.90%.
LG&E AND KU SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LG&E AND KU SAVINGS PLAN is 15.25%. This measures the effectiveness of the plan participants' investments in the year.
LG&E AND KU SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LG&E AND KU SAVINGS PLAN is 0.01%.
Enrollment Features
LG&E AND KU SAVINGS 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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