LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST

At the end of 2022, the total retirement plan assets of LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST is $36,738,639.This plan was established in 1990.

At the end of 2022, the total number of retirement plan participants in LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST is 321

In 2022, the average participant retirement account value for LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST is $114,450

In 2022, the estimated average employee contribution amount per participant for LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST is $4,959

In 2022, the estimated average employer match for an employee in LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST is approximately $3,623

In 2022, LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST allocates $1,163,140 to match its employees’ contributions, providing an employer match rate of 81.14% of their contributions

In 2022, the total retirement plan asset growth rate of LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST is -3.93%

In 2022, the estimated aggregate retirement account investment gain/loss for LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST is -6.38%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST is 0.31%.

Enrollment Features

LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST 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.