Lakeland Engineering Equipment Company
68
Plan:
Lakeland Engineering Equipment Company Employees Profit Sharing Trust Agreement
14
71
88
0
10
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30
40
50
60
70
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90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (68) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $46,300 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
Lakeland Engineering Equipment Company Employees Profit Sharing Trust Agreement is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 68. This plan is in the top 15% of plans for Account Balances and Total Plan Cost. Lakeland Engineering Equipment Company Employees Profit Sharing Trust Agreement currently has over 300 active participants and over $34.9M in plan assets.
Retirement Plan Details
| Address |
5735 Lindsay Street
Minneapolis, MN 55422-4655 |
| Industry | Custom Computer Programming Services |
| Administrator | Roger D. Quern |
| Net Plan Assets | $34,900,000 |
| Total Participants | 330 |
| Avg Account Balance | $69,000 |
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