THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN

Plan Contact

  • Address: 24-20 PARSONS BLVD.,WHITESTONE,NY
  • Contact person: SHANEZA MOHAMED
  • Phone: (718) 352-2100

Plan General Information

THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN is $2,538,043.00.This plan was established in 1994.

THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN is 105

THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN is $24,171.00

THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN is approximately $1,301.00
Investing in this additonal $1,301.00 for 20 years would give you extra $83,299.00, assuming a 10% annual return.

THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN is 15.76%.

THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN is 12.07%. This measures the effectiveness of the plan participants' investments in the year.

THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of THE LOWELL SCHOOL DEFINED CONTRIBUTION RETIREMENT PLAN is 0.73%.

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