LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: 290 SHORE RD,BOURNE,MA
- Contact person: BRIAN MURPHY
- Phone: (508) 356-9244
Plan General Information
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is $878,350.00.This plan was established in 1978.
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is 179
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2022, the average participant retirement account value for LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is $4,906.00
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is $299.00.
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $149.00
Investing in this additonal $149.00 for 20 years would give you extra $9,553.00, assuming a 10% annual return.
Investing in this additonal $149.00 for 20 years would give you extra $9,553.00, assuming a 10% annual return.
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2022, LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST allocates $26,721.00 to match its employees' contributions, providing an employer match rate of 63.02% of their contributions
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is -88.65%.
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is -28.08%. This measures the effectiveness of the plan participants' investments in the year.
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio
In 2022, the investment and administrative expense ratio of LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST is 4.33%.
Enrollment Features
LOBSTER TRAP CO INC 401(K) PROFIT SHARING PLAN & TRUST 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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