LANDVEST, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of LANDVEST, INC. 401(K) PLAN is $13,574,689.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in LANDVEST, INC. 401(K) PLAN is 143

In 2022, the average participant retirement account value for LANDVEST, INC. 401(K) PLAN is $94,927

In 2022, the estimated average employee contribution amount per participant for LANDVEST, INC. 401(K) PLAN is $6,544

In 2022, the estimated average employer match for an employee in LANDVEST, INC. 401(K) PLAN is approximately $2,012

In 2022, LANDVEST, INC. 401(K) PLAN allocates $287,784 to match its employees’ contributions, providing an employer match rate of 30.12% of their contributions

In 2022, the total retirement plan asset growth rate of LANDVEST, INC. 401(K) PLAN is -10.11%

In 2022, the estimated aggregate retirement account investment gain/loss for LANDVEST, INC. 401(K) PLAN is -16.77%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LANDVEST, INC. 401(K) PLAN is 0.02%.

Enrollment Features

LANDVEST, INC. 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.