LOAR GROUP INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOAR GROUP INC. 401(K) PLAN is $57,889,565.This plan was established in 2015.

At the end of 2022, the total number of retirement plan participants in LOAR GROUP INC. 401(K) PLAN is 986

In 2022, the average participant retirement account value for LOAR GROUP INC. 401(K) PLAN is $58,711

In 2022, the estimated average employee contribution amount per participant for LOAR GROUP INC. 401(K) PLAN is $4,117

In 2022, the estimated average employer match for an employee in LOAR GROUP INC. 401(K) PLAN is approximately $1,309

In 2022, LOAR GROUP INC. 401(K) PLAN allocates $1,290,916 to match its employees’ contributions, providing an employer match rate of 34.73% of their contributions

In 2022, the total retirement plan asset growth rate of LOAR GROUP INC. 401(K) PLAN is -17.03%

In 2022, the estimated aggregate retirement account investment gain/loss for LOAR GROUP INC. 401(K) PLAN is -15.56%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOAR GROUP INC. 401(K) PLAN is 0.20%.

Enrollment Features

LOAR GROUP INC. 401(K) 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.
    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.