LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN is $42,332,853.This plan was established in 1989.

At the end of 2022, the total number of retirement plan participants in LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN is 391

In 2022, the average participant retirement account value for LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN is $108,268

In 2022, the estimated average employee contribution amount per participant for LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN is $5,153

In 2022, the estimated average employer match for an employee in LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN is approximately $4,147

In 2022, LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN allocates $1,621,576 to match its employees’ contributions, providing an employer match rate of 81.20% of their contributions

In 2022, the total retirement plan asset growth rate of LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN is -14.43%

In 2022, the estimated aggregate retirement account investment gain/loss for LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN is -15.00%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LONDEN INSURANCE GROUP 401(K) PROFIT SHARING PLAN is 0.23%.

Enrollment Features

LONDEN INSURANCE GROUP 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.