M. T. LANEY CO. INC. 401(K) PLAN
Plan Contact
- Address: 5941 BARTHOLOW RD STE A,ELDERSBURG,MD
- Contact person: RICK GARRETT
- Phone: (410) 795-1761
Plan General Information
M. T. LANEY CO. INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of M. T. LANEY CO. INC. 401(K) PLAN is $9,912,484.00.This plan was established in 2006.
M. T. LANEY CO. INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in M. T. LANEY CO. INC. 401(K) PLAN is 240
M. T. LANEY CO. INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for M. T. LANEY CO. INC. 401(K) PLAN is $41,302.00
M. T. LANEY CO. INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for M. T. LANEY CO. INC. 401(K) PLAN is $2,402.00.
M. T. LANEY CO. INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in M. T. LANEY CO. INC. 401(K) PLAN is approximately $1,198.00
Investing in this additonal $1,198.00 for 20 years would give you extra $76,707.00, assuming a 10% annual return.
Investing in this additonal $1,198.00 for 20 years would give you extra $76,707.00, assuming a 10% annual return.
M. T. LANEY CO. INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, M. T. LANEY CO. INC. 401(K) PLAN allocates $287,654.00 to match its employees' contributions, providing an employer match rate of 51.17% of their contributions
M. T. LANEY CO. INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of M. T. LANEY CO. INC. 401(K) PLAN is 49.29%.
M. T. LANEY CO. INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for M. T. LANEY CO. INC. 401(K) PLAN is 16.67%. This measures the effectiveness of the plan participants' investments in the year.
M. T. LANEY CO. INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of M. T. LANEY CO. INC. 401(K) PLAN is 0.40%.
Enrollment Features
M. T. LANEY CO. INC. 401(K) PLAN 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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