LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN

At the end of 2022, the total retirement plan assets of LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN is $4,284,882.This plan was established in 1972.

At the end of 2022, the total number of retirement plan participants in LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN is 428

In 2022, the average participant retirement account value for LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN is $10,011

In 2022, the estimated average employee contribution amount per participant for LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN is $1,162

In 2022, the estimated average employer match for an employee in LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN is approximately $116

In 2022, LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN allocates $49,998 to match its employees’ contributions, providing an employer match rate of 9.96% of their contributions

In 2022, the total retirement plan asset growth rate of LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN is -12.61%

In 2022, the estimated aggregate retirement account investment gain/loss for LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN is -16.02%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN is 1.17%.

Enrollment Features

LA FAMILIA CORTEZ RESTAURANTS 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.