LOR, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOR, INC. 401(K) PLAN is $50,690,422.This plan was established in 1989.

At the end of 2022, the total number of retirement plan participants in LOR, INC. 401(K) PLAN is 719

In 2022, the average participant retirement account value for LOR, INC. 401(K) PLAN is $70,501

In 2022, the estimated average employee contribution amount per participant for LOR, INC. 401(K) PLAN is $4,805

In 2022, the estimated average employer match for an employee in LOR, INC. 401(K) PLAN is approximately $2,869

In 2022, LOR, INC. 401(K) PLAN allocates $2,063,465 to match its employees’ contributions, providing an employer match rate of 59.02% of their contributions

In 2022, the total retirement plan asset growth rate of LOR, INC. 401(K) PLAN is -18.06%

In 2022, the estimated aggregate retirement account investment gain/loss for LOR, INC. 401(K) PLAN is -17.82%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOR, INC. 401(K) PLAN is 0.25%.

Enrollment Features

LOR, 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.