LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN is $17,460,965.This plan was established in 2017.

At the end of 2022, the total number of retirement plan participants in LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN is 314

In 2022, the average participant retirement account value for LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN is $55,608

In 2022, the estimated average employee contribution amount per participant for LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN is $8,989

In 2022, the estimated average employer match for an employee in LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN is approximately $8,895

In 2022, LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN allocates $2,793,092 to match its employees’ contributions, providing an employer match rate of 102.89% of their contributions

In 2022, the total retirement plan asset growth rate of LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN is 9.91%

In 2022, the estimated aggregate retirement account investment gain/loss for LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN is -16.77%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING PLAN is 0.24%.

Enrollment Features

LOTTE CHEMICAL USA 401(K) AND PROFIT SHARING 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.