LORUSSO CORPORATION 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LORUSSO CORPORATION 401(K) RETIREMENT PLAN is $13,770,030.This plan was established in 1998.

At the end of 2022, the total number of retirement plan participants in LORUSSO CORPORATION 401(K) RETIREMENT PLAN is 129

In 2022, the average participant retirement account value for LORUSSO CORPORATION 401(K) RETIREMENT PLAN is $106,744

In 2022, the estimated average employee contribution amount per participant for LORUSSO CORPORATION 401(K) RETIREMENT PLAN is $4,625

In 2022, the estimated average employer match for an employee in LORUSSO CORPORATION 401(K) RETIREMENT PLAN is approximately $1,945

In 2022, LORUSSO CORPORATION 401(K) RETIREMENT PLAN allocates $250,925 to match its employees’ contributions, providing an employer match rate of 42.55% of their contributions

In 2022, the total retirement plan asset growth rate of LORUSSO CORPORATION 401(K) RETIREMENT PLAN is -14.59%

In 2022, the estimated aggregate retirement account investment gain/loss for LORUSSO CORPORATION 401(K) RETIREMENT PLAN is -18.14%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LORUSSO CORPORATION 401(K) RETIREMENT PLAN is 0.02%.

Enrollment Features

LORUSSO CORPORATION 401(K) 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.