LOBAR RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LOBAR RETIREMENT PLAN is $21,847,595.This plan was established in 1986.

At the end of 2022, the total number of retirement plan participants in LOBAR RETIREMENT PLAN is 303

In 2022, the average participant retirement account value for LOBAR RETIREMENT PLAN is $72,104

In 2022, the estimated average employee contribution amount per participant for LOBAR RETIREMENT PLAN is $5,528

In 2022, the estimated average employer match for an employee in LOBAR RETIREMENT PLAN is approximately $1,105

In 2022, LOBAR RETIREMENT PLAN allocates $335,024 to match its employees’ contributions, providing an employer match rate of 19.93% of their contributions

In 2022, the total retirement plan asset growth rate of LOBAR RETIREMENT PLAN is -10.06%

In 2022, the estimated aggregate retirement account investment gain/loss for LOBAR RETIREMENT PLAN is -13.87%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOBAR RETIREMENT PLAN is 0.41%.

Enrollment Features

LOBAR RETIREMENT 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.