LORDSTOWN MOTOR CORP. 401(K) PLAN

At the end of 2021, the total retirement plan assets of LORDSTOWN MOTOR CORP. 401(K) PLAN is $4,518,794.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in LORDSTOWN MOTOR CORP. 401(K) PLAN is 147

In 2021, the average participant retirement account value for LORDSTOWN MOTOR CORP. 401(K) PLAN is $30,740

In 2021, the estimated average employee contribution amount per participant for LORDSTOWN MOTOR CORP. 401(K) PLAN is $13,163

In 2021, the estimated average employer match for an employee in LORDSTOWN MOTOR CORP. 401(K) PLAN is approximately $6,477

In 2021, LORDSTOWN MOTOR CORP. 401(K) PLAN allocates $952,224 to match its employees’ contributions, providing an employer match rate of 49.21% of their contributions

In 2021, the total retirement plan asset growth rate of LORDSTOWN MOTOR CORP. 401(K) PLAN is 421.06%

In 2021, the estimated aggregate retirement account investment gain/loss for LORDSTOWN MOTOR CORP. 401(K) PLAN is 11.91%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of LORDSTOWN MOTOR CORP. 401(K) PLAN is 0.70%.

Enrollment Features

LORDSTOWN MOTOR CORP. 401(K) 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.