LOMBARDO 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOMBARDO 401(K) PLAN is $15,849,716.This plan was established in 1966.

At the end of 2022, the total number of retirement plan participants in LOMBARDO 401(K) PLAN is 238

In 2022, the average participant retirement account value for LOMBARDO 401(K) PLAN is $66,595

In 2022, the estimated average employee contribution amount per participant for LOMBARDO 401(K) PLAN is $6,383

In 2022, the estimated average employer match for an employee in LOMBARDO 401(K) PLAN is approximately $1,569

In 2022, LOMBARDO 401(K) PLAN allocates $373,631 to match its employees’ contributions, providing an employer match rate of 25.50% of their contributions

In 2022, the total retirement plan asset growth rate of LOMBARDO 401(K) PLAN is -10.15%

In 2022, the estimated aggregate retirement account investment gain/loss for LOMBARDO 401(K) PLAN is -17.91%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOMBARDO 401(K) PLAN is 0.28%.

Enrollment Features

LOMBARDO 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.