LOKEY AUTOMOTIVE GROUP 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOKEY AUTOMOTIVE GROUP 401(K) PLAN is $8,753,670.This plan was established in 1973.

At the end of 2022, the total number of retirement plan participants in LOKEY AUTOMOTIVE GROUP 401(K) PLAN is 340

In 2022, the average participant retirement account value for LOKEY AUTOMOTIVE GROUP 401(K) PLAN is $25,746

In 2022, the estimated average employee contribution amount per participant for LOKEY AUTOMOTIVE GROUP 401(K) PLAN is $4,846

In 2022, the estimated average employer match for an employee in LOKEY AUTOMOTIVE GROUP 401(K) PLAN is approximately $523

In 2022, LOKEY AUTOMOTIVE GROUP 401(K) PLAN allocates $178,017 to match its employees’ contributions, providing an employer match rate of 11.68% of their contributions

In 2022, the total retirement plan asset growth rate of LOKEY AUTOMOTIVE GROUP 401(K) PLAN is -3.08%

In 2022, the estimated aggregate retirement account investment gain/loss for LOKEY AUTOMOTIVE GROUP 401(K) PLAN is -15.30%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOKEY AUTOMOTIVE GROUP 401(K) PLAN is 0.45%.

Enrollment Features

LOKEY AUTOMOTIVE GROUP 401(K) 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.