LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN

At the end of 2022, the total retirement plan assets of LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN is $131,832,646.This plan was established in 1983.

At the end of 2022, the total number of retirement plan participants in LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN is 1384

In 2022, the average participant retirement account value for LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN is $95,254

In 2022, the estimated average employee contribution amount per participant for LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN is $4,084

In 2022, the estimated average employer match for an employee in LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN is approximately $2,094

In 2022, LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN allocates $2,898,673 to match its employees’ contributions, providing an employer match rate of 51.25% of their contributions

In 2022, the total retirement plan asset growth rate of LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN is -17.37%

In 2022, the estimated aggregate retirement account investment gain/loss for LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN is -16.19%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LANDSTAR SYSTEM, INC. 401(K) SAVINGS PLAN is 0.00%.

Enrollment Features

LANDSTAR SYSTEM, INC. 401(K) SAVINGS 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.