LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN is $12,375,378.This plan was established in 1987.

At the end of 2022, the total number of retirement plan participants in LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN is 143

In 2022, the average participant retirement account value for LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN is $86,541

In 2022, the estimated average employee contribution amount per participant for LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN is $6,594

In 2022, the estimated average employer match for an employee in LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN is approximately $2,157

In 2022, LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN allocates $308,457 to match its employees’ contributions, providing an employer match rate of 33.53% of their contributions

In 2022, the total retirement plan asset growth rate of LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN is -7.51%

In 2022, the estimated aggregate retirement account investment gain/loss for LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN is -13.52%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN is 0.26%.

Enrollment Features

LOEBER MOTORS, INC. SALARY DEFERRAL 401(K) PROFIT SHARING 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.