Lakeland Mental Health Center, Inc.
69
Plan:
Lakeland Mental Health Center, Inc. Employees' Profit Sharing Plus Plan
5
56
89
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (69) and the top rated plan (89) could equate to:
[How is this calculated?]
[How is this calculated?]
11 additional years of work Up to $137,600 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
Lakeland Mental Health Center, Inc. Employees' Profit Sharing Plus 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 Company Generosity and Participation Rate. Lakeland Mental Health Center, Inc. Employees' Profit Sharing Plus Plan currently has over 100 active participants and over $7.0M in plan assets.
Retirement Plan Details
| Address |
126 E Alcott Ave
Fergus Falls, MN 56537-2903 |
| Industry | Outpatient Mental Health and Substance Abuse Centers |
| Administrator | Lynn Wolters |
| Net Plan Assets | $6,980,000 |
| Total Participants | 160 |
| Avg Account Balance | $44,000 |
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