LORETTO EMPLOYEE 401(K) SAVINGS PLAN

At the end of 2022, the total retirement plan assets of LORETTO EMPLOYEE 401(K) SAVINGS PLAN is $39,128,721.This plan was established in 1988.

At the end of 2022, the total number of retirement plan participants in LORETTO EMPLOYEE 401(K) SAVINGS PLAN is 835

In 2022, the average participant retirement account value for LORETTO EMPLOYEE 401(K) SAVINGS PLAN is $46,860

In 2022, the estimated average employee contribution amount per participant for LORETTO EMPLOYEE 401(K) SAVINGS PLAN is $3,872

In 2022, the estimated average employer match for an employee in LORETTO EMPLOYEE 401(K) SAVINGS PLAN is approximately $819

In 2022, LORETTO EMPLOYEE 401(K) SAVINGS PLAN allocates $684,466 to match its employees’ contributions, providing an employer match rate of 21.18% of their contributions

In 2022, the total retirement plan asset growth rate of LORETTO EMPLOYEE 401(K) SAVINGS PLAN is -17.49%

In 2022, the estimated aggregate retirement account investment gain/loss for LORETTO EMPLOYEE 401(K) SAVINGS PLAN is -17.01%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LORETTO EMPLOYEE 401(K) SAVINGS PLAN is 0.12%.

Enrollment Features

LORETTO EMPLOYEE 401(K) SAVINGS 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.