LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN

At the end of 2022, the total retirement plan assets of LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN is $31,507,726.This plan was established in 1992.

At the end of 2022, the total number of retirement plan participants in LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN is 305

In 2022, the average participant retirement account value for LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN is $103,304

In 2022, the estimated average employee contribution amount per participant for LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN is $8,385

In 2022, the estimated average employer match for an employee in LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN is approximately $3,705

In 2022, LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN allocates $1,130,190 to match its employees’ contributions, providing an employer match rate of 47.71% of their contributions

In 2022, the total retirement plan asset growth rate of LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN is -11.23%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN is -18.12%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCHMUELLER GROUP, INC. 401(K) SAVINGS PLAN is 0.26%.

Enrollment Features

LOCHMUELLER GROUP, INC. 401(K) SAVINGS 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.