GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A

Plan Contact

  • Address: 8 SILSBEE STREET,LYNN,MA
  • Contact person: DOUGLAS MAY
  • Phone: (781) 599-0110

Plan General Information

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A Total Retirement Plan Assets

At the end of 2021, the total retirement plan assets of GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A is $15,660,813.00.This plan was established in 2022.

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A Total Number of Retirement Plan Participants

At the end of 2021, the total number of retirement plan participants in GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A is 348

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A Average Participant Retirement Account Value

In 2021, the average participant retirement account value for GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A is $45,002.00

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A Estimated Average Employee Contribution Amount

In 2021, the estimated average employee contribution amount per participant for GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A is $1,754.00.

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A Estimated Average Employer Match

In 2021, the estimated average employer match for an employee in GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A is approximately $723.00
Investing in this additonal $723.00 for 20 years would give you extra $46,289.00, assuming a 10% annual return.

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A Total Employer Contribution and Match Rate

In 2021, GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A allocates $251,699.00 to match its employees' contributions, providing an employer match rate of 41.23% of their contributions

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A Total Retirement Plan Asset Growth Rate

In 2021, the total retirement plan asset growth rate of GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A is 6.16%.

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A Estimated Aggregate Retirement Account Investment Gain/Loss

In 2021, the estimated aggregate retirement account investment gain/loss for GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A is 12.78%. This measures the effectiveness of the plan participants' investments in the year.

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A Expense Ratio

In 2021, the investment and administrative expense ratio of GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A is 0.03%.

Enrollment Features

GREATER LYNN SENIOR SERVICES, INC. TAX SHELTERED A 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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