LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is $6,157,334.This plan was established in 1994.

At the end of 2022, the total number of retirement plan participants in LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is 169

In 2022, the average participant retirement account value for LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is $36,433

In 2022, the estimated average employee contribution amount per participant for LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is $3,223

In 2022, the estimated average employer match for an employee in LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is approximately $1,851

In 2022, LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN allocates $312,928 to match its employees’ contributions, providing an employer match rate of 60.11% of their contributions

In 2022, the total retirement plan asset growth rate of LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is -15.28%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is -17.90%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is 0.98%.

Enrollment Features

LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING 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.