The Lafayette Life Insurance Company
69
Plan:
Lafayette Life Insurance Company Profit Sharing Plan
41
74
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 21 point difference between this plan's BrightScope Rating (69) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $140,600 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
Lafayette Life Insurance Company Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 69. This plan is in the top 35% of plans for Account Balances, Company Generosity, Investment Menu Quality, Participation Rate, and Total Plan Cost. Lafayette Life Insurance Company Profit Sharing Plan currently has over 200 active participants and over $13.4M in plan assets.
Retirement Plan Details
| Address |
1905 Teal Road
Lafayette, IN 47905 |
| Industry | Finance and Insurance |
| Administrator | Cheryl Jorgenson |
| Net Plan Assets | $13,400,000 |
| Total Participants | 270 |
| Avg Account Balance | $51,000 |
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