LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP
Plan Contact
- Address: 3745 HEMPLAND ROAD,MOUNTVILLE,PA
- Contact person: BRYAN HESS
- Phone: (717) 662-1800
Plan General Information
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP is $31,889,392.00.This plan was established in 1984.
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP is 490
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP is $65,080.00
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP is $4,046.00.
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP is approximately $1,652.00
Investing in this additonal $1,652.00 for 20 years would give you extra $105,737.00, assuming a 10% annual return.
Investing in this additonal $1,652.00 for 20 years would give you extra $105,737.00, assuming a 10% annual return.
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP Total Employer Contribution and Match Rate
In 2023, LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP allocates $809,552.00 to match its employees' contributions, providing an employer match rate of 43.68% of their contributions
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP is 15.82%.
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP is 18.20%. This measures the effectiveness of the plan participants' investments in the year.
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP Expense Ratio
In 2023, the investment and administrative expense ratio of LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP is 0.38%.
Enrollment Features
LIFT, INC. EMPLOYEE 401(K) INCENTIVE SAVINGS & PSP 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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