LOFTWARE, INC. 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of LOFTWARE, INC. 401(K) PROFIT SHARING PLAN is $14,348,113.This plan was established in 1999.

At the end of 2022, the total number of retirement plan participants in LOFTWARE, INC. 401(K) PROFIT SHARING PLAN is 151

In 2022, the average participant retirement account value for LOFTWARE, INC. 401(K) PROFIT SHARING PLAN is $95,020

In 2022, the estimated average employee contribution amount per participant for LOFTWARE, INC. 401(K) PROFIT SHARING PLAN is $11,231

In 2022, the estimated average employer match for an employee in LOFTWARE, INC. 401(K) PROFIT SHARING PLAN is approximately $2,348

In 2022, LOFTWARE, INC. 401(K) PROFIT SHARING PLAN allocates $354,584 to match its employees’ contributions, providing an employer match rate of 21.55% of their contributions

In 2022, the total retirement plan asset growth rate of LOFTWARE, INC. 401(K) PROFIT SHARING PLAN is -13.84%

In 2022, the estimated aggregate retirement account investment gain/loss for LOFTWARE, INC. 401(K) PROFIT SHARING PLAN is -17.16%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOFTWARE, INC. 401(K) PROFIT SHARING PLAN is 0.41%.

Enrollment Features

LOFTWARE, INC. 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.