LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN is $13,864,339.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN is 192

In 2022, the average participant retirement account value for LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN is $72,210

In 2022, the estimated average employee contribution amount per participant for LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN is $4,516

In 2022, the estimated average employer match for an employee in LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN is approximately $1,341

In 2022, LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN allocates $257,587 to match its employees’ contributions, providing an employer match rate of 29.63% of their contributions

In 2022, the total retirement plan asset growth rate of LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN is -19.01%

In 2022, the estimated aggregate retirement account investment gain/loss for LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN is -20.53%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOPEZ NEGRETE COMMUNICATIONS, INC. 401(K) PLAN is 0.66%.

Enrollment Features

LOPEZ NEGRETE COMMUNICATIONS, INC. 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.