LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST

At the end of 2022, the total retirement plan assets of LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST is $3,421,704.This plan was established in 2019.

At the end of 2022, the total number of retirement plan participants in LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST is 295

In 2022, the average participant retirement account value for LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST is $11,598

In 2022, the estimated average employee contribution amount per participant for LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST is $1,417

In 2022, the estimated average employer match for an employee in LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST is approximately $768

In 2022, LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST allocates $226,810 to match its employees’ contributions, providing an employer match rate of 55.17% of their contributions

In 2022, the total retirement plan asset growth rate of LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST is -5.64%

In 2022, the estimated aggregate retirement account investment gain/loss for LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST is -17.83%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST is 0.69%.

Enrollment Features

LORENZO FOOD GROUP INC 401(K) PROFIT SHARING PLAN & TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.