LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN
Plan Contact
- Address: PO BOX 154187,WACO,TX
- Phone: (254) 772-0670
Plan General Information
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is $3,811,471.00.This plan was established in 1970.
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is 440
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is $8,662.00
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is $852.00.
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is approximately $221.00
Investing in this additonal $221.00 for 20 years would give you extra $14,162.00, assuming a 10% annual return.
Investing in this additonal $221.00 for 20 years would give you extra $14,162.00, assuming a 10% annual return.
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN allocates $97,369.00 to match its employees' contributions, providing an employer match rate of 27.30% of their contributions
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is 17.13%.
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is 14.04%. This measures the effectiveness of the plan participants' investments in the year.
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is 0.96%.
Enrollment Features
LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND 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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