LOCKNET 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of LOCKNET 401(K) PROFIT SHARING PLAN is $3,353,706.This plan was established in 2016.

At the end of 2022, the total number of retirement plan participants in LOCKNET 401(K) PROFIT SHARING PLAN is 152

In 2022, the average participant retirement account value for LOCKNET 401(K) PROFIT SHARING PLAN is $22,063

In 2022, the estimated average employee contribution amount per participant for LOCKNET 401(K) PROFIT SHARING PLAN is $2,600

In 2022, the estimated average employer match for an employee in LOCKNET 401(K) PROFIT SHARING PLAN is approximately $1,580

In 2022, LOCKNET 401(K) PROFIT SHARING PLAN allocates $240,257 to match its employees’ contributions, providing an employer match rate of 62.63% of their contributions

In 2022, the total retirement plan asset growth rate of LOCKNET 401(K) PROFIT SHARING PLAN is -15.56%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCKNET 401(K) PROFIT SHARING PLAN is -17.68%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCKNET 401(K) PROFIT SHARING PLAN is 1.11%.

Enrollment Features

LOCKNET 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.