LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 25172 COMMERCIAL DRIVE,GRAND RAPIDS,MN
- Contact person: SONJA D OLSON
- Phone: (218) 326-5872
Plan General Information
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN is $5,236,746.00.This plan was established in 2022.
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN is 157
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN is $33,355.00
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN is $2,132.00.
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN is approximately $1,044.00
Investing in this additonal $1,044.00 for 20 years would give you extra $66,820.00, assuming a 10% annual return.
Investing in this additonal $1,044.00 for 20 years would give you extra $66,820.00, assuming a 10% annual return.
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2021, LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN allocates $163,919.00 to match its employees' contributions, providing an employer match rate of 48.95% of their contributions
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN is 9.62%.
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN is 10.87%. This measures the effectiveness of the plan participants' investments in the year.
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN is 0.22%.
Enrollment Features
LAKE COUNTRY POWER HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN 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.
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