LOCAL MOTION, INC. 401(K) PLAN
Overview
Plan Contact
- Address: 66B ROCSAM PARK ROAD,BRAINTREE,MA
- Contact person: RANDY EATON
- Phone: (781) 535-6353
Plan General Information
At the end of 2022, the total retirement plan assets of LOCAL MOTION, INC. 401(K) PLAN is $2,543,867.This plan was established in 2001.
At the end of 2022, the total number of retirement plan participants in LOCAL MOTION, INC. 401(K) PLAN is 218
In 2022, the average participant retirement account value for LOCAL MOTION, INC. 401(K) PLAN is $11,669
In 2022, the estimated average employee contribution amount per participant for LOCAL MOTION, INC. 401(K) PLAN is $2,036
In 2022, the estimated average employer match for an employee in LOCAL MOTION, INC. 401(K) PLAN is approximately $571
In 2022, LOCAL MOTION, INC. 401(K) PLAN allocates $124,591 to match its employees’ contributions, providing an employer match rate of 29.20% of their contributions
In 2022, the total retirement plan asset growth rate of LOCAL MOTION, INC. 401(K) PLAN is 1.48%
In 2022, the estimated aggregate retirement account investment gain/loss for LOCAL MOTION, INC. 401(K) PLAN is -14.58%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LOCAL MOTION, INC. 401(K) PLAN is 0.27%.
Enrollment Features
LOCAL MOTION, 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.