LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN is $9,988,584.This plan was established in 2010.

At the end of 2022, the total number of retirement plan participants in LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN is 300

In 2022, the average participant retirement account value for LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN is $33,295

In 2022, the estimated average employee contribution amount per participant for LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN is $3,114

In 2022, the estimated average employer match for an employee in LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN is approximately $1,446

In 2022, LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN allocates $433,837 to match its employees’ contributions, providing an employer match rate of 51.13% of their contributions

In 2022, the total retirement plan asset growth rate of LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN is -17.47%

In 2022, the estimated aggregate retirement account investment gain/loss for LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN is -16.62%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOTTE HOTEL HOLDINGS USA 401(K) RETIREMENT PLAN is 0.67%.

Enrollment Features

LOTTE HOTEL HOLDINGS USA 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.