LONGYEAR 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of LONGYEAR 401(K) PROFIT SHARING PLAN is $8,858,097.This plan was established in 1985.

At the end of 2022, the total number of retirement plan participants in LONGYEAR 401(K) PROFIT SHARING PLAN is 216

In 2022, the average participant retirement account value for LONGYEAR 401(K) PROFIT SHARING PLAN is $41,009

In 2022, the estimated average employee contribution amount per participant for LONGYEAR 401(K) PROFIT SHARING PLAN is $3,755

In 2022, the estimated average employer match for an employee in LONGYEAR 401(K) PROFIT SHARING PLAN is approximately $1,898

In 2022, LONGYEAR 401(K) PROFIT SHARING PLAN allocates $410,024 to match its employees’ contributions, providing an employer match rate of 53.25% of their contributions

In 2022, the total retirement plan asset growth rate of LONGYEAR 401(K) PROFIT SHARING PLAN is -6.10%

In 2022, the estimated aggregate retirement account investment gain/loss for LONGYEAR 401(K) PROFIT SHARING PLAN is -14.97%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LONGYEAR 401(K) PROFIT SHARING PLAN is 0.43%.

Enrollment Features

LONGYEAR 401(K) PROFIT SHARING PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.