LOEWS HOTELS 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOEWS HOTELS 401(K) PLAN is $206,328,605.This plan was established in 2020.

At the end of 2022, the total number of retirement plan participants in LOEWS HOTELS 401(K) PLAN is 10013

In 2022, the average participant retirement account value for LOEWS HOTELS 401(K) PLAN is $20,606

In 2022, the estimated average employee contribution amount per participant for LOEWS HOTELS 401(K) PLAN is $1,418

In 2022, the estimated average employer match for an employee in LOEWS HOTELS 401(K) PLAN is approximately $604

In 2022, LOEWS HOTELS 401(K) PLAN allocates $6,047,864 to match its employees’ contributions, providing an employer match rate of 44.94% of their contributions

In 2022, the total retirement plan asset growth rate of LOEWS HOTELS 401(K) PLAN is -15.70%

In 2022, the estimated aggregate retirement account investment gain/loss for LOEWS HOTELS 401(K) PLAN is -18.35%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOEWS HOTELS 401(K) PLAN is 0.16%.

Enrollment Features

LOEWS HOTELS 401(K) 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.
    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.