LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST

At the end of 2022, the total retirement plan assets of LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST is $9,468,969.This plan was established in 1998.

At the end of 2022, the total number of retirement plan participants in LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST is 131

In 2022, the average participant retirement account value for LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST is $72,282

In 2022, the estimated average employee contribution amount per participant for LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST is $6,074

In 2022, the estimated average employer match for an employee in LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST is approximately $2,851

In 2022, LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST allocates $373,533 to match its employees’ contributions, providing an employer match rate of 47.30% of their contributions

In 2022, the total retirement plan asset growth rate of LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST is -14.83%

In 2022, the estimated aggregate retirement account investment gain/loss for LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST is -17.53%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING PLAN & TRUST is 0.12%.

Enrollment Features

LONGCHAMPS ELECTRIC, LLC 401(K) PROFIT SHARING 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.