THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC
Plan Contact
- Address: P O BOX 849,LUFKIN,TX
- Contact person: CHRIS BOONE
- Phone: (936) 634-2211
Plan General Information
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC Total Retirement Plan Assets
At the end of 2010, the total retirement plan assets of THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC is $66,343,725.00.This plan was established in 1991.
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC Total Number of Retirement Plan Participants
At the end of 2010, the total number of retirement plan participants in THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC is 1273
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC Average Participant Retirement Account Value
In 2010, the average participant retirement account value for THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC is $52,116.00
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC Estimated Average Employee Contribution Amount
In 2010, the estimated average employee contribution amount per participant for THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC is $6,398.00.
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC Estimated Average Employer Match
In 2010, the estimated average employer match for an employee in THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC is approximately $1,712.00
Investing in this additonal $1,712.00 for 20 years would give you extra $109,588.00, assuming a 10% annual return.
Investing in this additonal $1,712.00 for 20 years would give you extra $109,588.00, assuming a 10% annual return.
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC Total Employer Contribution and Match Rate
In 2010, THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC allocates $2,179,783.00 to match its employees' contributions, providing an employer match rate of 53.52% of their contributions
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC Total Retirement Plan Asset Growth Rate
In 2010, the total retirement plan asset growth rate of THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC is 17.67%.
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC Estimated Aggregate Retirement Account Investment Gain/Loss
In 2010, the estimated aggregate retirement account investment gain/loss for THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC is 12.71%. This measures the effectiveness of the plan participants' investments in the year.
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC Expense Ratio
In 2010, the investment and administrative expense ratio of THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC is 0.05%.
Enrollment Features
THRIFT PLAN FOR SALARIED EMPLOYEES OF LUFKIN INDUSTRIES INC 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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