LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST

At the end of 2022, the total retirement plan assets of LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST is $5,814,998.This plan was established in 1972.

At the end of 2022, the total number of retirement plan participants in LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 249

In 2022, the average participant retirement account value for LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST is $23,353

In 2022, the estimated average employee contribution amount per participant for LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST is $1,700

In 2022, the estimated average employer match for an employee in LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST is approximately $833

In 2022, LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST allocates $207,570 to match its employees’ contributions, providing an employer match rate of 49.83% of their contributions

In 2022, the total retirement plan asset growth rate of LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST is -9.67%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST is -14.02%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST is 0.75%.

Enrollment Features

LOCHMANDY MOTOR SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.