LOTH, INC. PROFIT SHARING AND 401(K) PLAN
Overview
Plan Contact
- Address: 3574 EAST KEMPER ROAD,CINCINNATI,OH
- Contact person: HOON NAM
- Phone: (513) 554-8803
Plan General Information
At the end of 2022, the total retirement plan assets of LOTH, INC. PROFIT SHARING AND 401(K) PLAN is $10,180,004.This plan was established in 1984.
At the end of 2022, the total number of retirement plan participants in LOTH, INC. PROFIT SHARING AND 401(K) PLAN is 271
In 2022, the average participant retirement account value for LOTH, INC. PROFIT SHARING AND 401(K) PLAN is $37,564
In 2022, the estimated average employee contribution amount per participant for LOTH, INC. PROFIT SHARING AND 401(K) PLAN is $3,825
In 2022, the estimated average employer match for an employee in LOTH, INC. PROFIT SHARING AND 401(K) PLAN is approximately $614
In 2022, LOTH, INC. PROFIT SHARING AND 401(K) PLAN allocates $166,535 to match its employees’ contributions, providing an employer match rate of 16.40% of their contributions
In 2022, the total retirement plan asset growth rate of LOTH, INC. PROFIT SHARING AND 401(K) PLAN is -8.06%
In 2022, the estimated aggregate retirement account investment gain/loss for LOTH, INC. PROFIT SHARING AND 401(K) PLAN is -14.85%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LOTH, INC. PROFIT SHARING AND 401(K) PLAN is 0.65%.
Enrollment Features
LOTH, INC. PROFIT SHARING AND 401(K) 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.