LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN

At the end of 2022, the total retirement plan assets of LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN is $8,951,671.This plan was established in 1991.

At the end of 2022, the total number of retirement plan participants in LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN is 292

In 2022, the average participant retirement account value for LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN is $30,656

In 2022, the estimated average employee contribution amount per participant for LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN is $1,162

In 2022, the estimated average employer match for an employee in LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN is approximately $849

In 2022, LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN allocates $247,935 to match its employees’ contributions, providing an employer match rate of 72.55% of their contributions

In 2022, the total retirement plan asset growth rate of LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN is -15.65%

In 2022, the estimated aggregate retirement account investment gain/loss for LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN is -15.93%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN is 0.38%.

Enrollment Features

LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING 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.