LORAM RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LORAM RETIREMENT PLAN is $124,684,945.This plan was established in 1981.

At the end of 2022, the total number of retirement plan participants in LORAM RETIREMENT PLAN is 1303

In 2022, the average participant retirement account value for LORAM RETIREMENT PLAN is $95,690

In 2022, the estimated average employee contribution amount per participant for LORAM RETIREMENT PLAN is $5,269

In 2022, the estimated average employer match for an employee in LORAM RETIREMENT PLAN is approximately $4,621

In 2022, LORAM RETIREMENT PLAN allocates $6,021,768 to match its employees’ contributions, providing an employer match rate of 90.19% of their contributions

In 2022, the total retirement plan asset growth rate of LORAM RETIREMENT PLAN is -16.61%

In 2022, the estimated aggregate retirement account investment gain/loss for LORAM RETIREMENT PLAN is -16.78%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LORAM RETIREMENT PLAN is 0.16%.

Enrollment Features

LORAM RETIREMENT 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.