LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN
Overview
Plan Contact
- Address: 5358 ROBIN HOOD ROAD,NORFOLK,VA
- Contact person: ASHLEY OCAIN
- Phone: (757) 853-8888
Plan General Information
At the end of 2022, the total retirement plan assets of LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN is $31,434,701.This plan was established in 1979.
At the end of 2022, the total number of retirement plan participants in LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN is 388
In 2022, the average participant retirement account value for LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN is $81,017
In 2022, the estimated average employee contribution amount per participant for LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN is $5,606
In 2022, the estimated average employer match for an employee in LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN is approximately $1,755
In 2022, LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN allocates $681,025 to match its employees’ contributions, providing an employer match rate of 33.28% of their contributions
In 2022, the total retirement plan asset growth rate of LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN is 11.80%
In 2022, the estimated aggregate retirement account investment gain/loss for LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN is 15.95%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LOMBART BROTHERS, INC. 401(K) PROFIT SHARING PLAN is 0.28%.
Enrollment Features
LOMBART BROTHERS, 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.