LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is $3,254,110.This plan was established in 1970.

At the end of 2022, the total number of retirement plan participants in LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is 404

In 2022, the average participant retirement account value for LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is $8,054

In 2022, the estimated average employee contribution amount per participant for LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is $784

In 2022, the estimated average employer match for an employee in LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is approximately $222

In 2022, LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN allocates $89,761 to match its employees’ contributions, providing an employer match rate of 28.58% of their contributions

In 2022, the total retirement plan asset growth rate of LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is -20.61%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is -12.15%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT PLAN is 0.69%.

Enrollment Features

LOCHRIDGE-PRIEST, INC EMPLOYEE SAVINGS AND RETIREMENT 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.