LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST

At the end of 2022, the total retirement plan assets of LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST is $17,191,596.This plan was established in 1957.

At the end of 2022, the total number of retirement plan participants in LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST is 308

In 2022, the average participant retirement account value for LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST is $55,816

In 2022, the estimated average employee contribution amount per participant for LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST is $3,779

In 2022, the estimated average employer match for an employee in LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST is approximately $1,436

In 2022, LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST allocates $442,496 to match its employees’ contributions, providing an employer match rate of 42.49% of their contributions

In 2022, the total retirement plan asset growth rate of LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST is -27.18%

In 2022, the estimated aggregate retirement account investment gain/loss for LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST is -18.35%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & TRUST is 0.23%.

Enrollment Features

LOEB ELECTRIC COMPANY 401(K) PROFIT SHARING PLAN & 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.
    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.