LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN

At the end of 2022, the total retirement plan assets of LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN is $19,696,630.This plan was established in 1992.

At the end of 2022, the total number of retirement plan participants in LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN is 449

In 2022, the average participant retirement account value for LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN is $43,867

In 2022, the estimated average employee contribution amount per participant for LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN is $3,088

In 2022, the estimated average employer match for an employee in LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN is approximately $764

In 2022, LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN allocates $343,299 to match its employees’ contributions, providing an employer match rate of 25.61% of their contributions

In 2022, the total retirement plan asset growth rate of LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN is -22.49%

In 2022, the estimated aggregate retirement account investment gain/loss for LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN is -17.85%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN is 0.05%.

Enrollment Features

LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS 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.