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.