L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST
Plan Contact
- Address: 9115 SMYRNA PARKWAY,LOUISVILLE,KY
- Contact person: MICHEAL WALKER
- Phone: (502) 368-5858
Plan General Information
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $32,607,597.00.This plan was established in 1992.
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 340
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $95,904.00
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $4,494.00.
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is approximately $4,794.00
Investing in this additonal $4,794.00 for 20 years would give you extra $306,837.00, assuming a 10% annual return.
Investing in this additonal $4,794.00 for 20 years would give you extra $306,837.00, assuming a 10% annual return.
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST allocates $1,630,072.00 to match its employees' contributions, providing an employer match rate of 106.36% of their contributions
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 13.79%.
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 14.05%. This measures the effectiveness of the plan participants' investments in the year.
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 0.10%.
Enrollment Features
L & N FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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