LOOM 401(K) PLAN
Overview
Plan Contact
- Address: 5214F DIAMOND HEIGHTS BLVD #3391,SAN FRANCISCO,CA
- Contact person: DARBY BEDNARSKI
- Phone: (209) 675-0590
Plan General Information
At the end of 2022, the total retirement plan assets of LOOM 401(K) PLAN is $8,054,194.This plan was established in 2019.
At the end of 2022, the total number of retirement plan participants in LOOM 401(K) PLAN is 185
In 2022, the average participant retirement account value for LOOM 401(K) PLAN is $43,536
In 2022, the estimated average employee contribution amount per participant for LOOM 401(K) PLAN is $19,600
In 2022, the estimated average employer match for an employee in LOOM 401(K) PLAN is approximately $6,572
In 2022, LOOM 401(K) PLAN allocates $1,215,959 to match its employees’ contributions, providing an employer match rate of 44.00% of their contributions
In 2022, the total retirement plan asset growth rate of LOOM 401(K) PLAN is 52.43%
In 2022, the estimated aggregate retirement account investment gain/loss for LOOM 401(K) PLAN is -16.19%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LOOM 401(K) PLAN is 0.09%.
Enrollment Features
LOOM 401(K) 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.