LOTUS GROUP 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOTUS GROUP 401(K) PLAN is $5,593,575.This plan was established in 2007.

At the end of 2022, the total number of retirement plan participants in LOTUS GROUP 401(K) PLAN is 152

In 2022, the average participant retirement account value for LOTUS GROUP 401(K) PLAN is $36,799

In 2022, the estimated average employee contribution amount per participant for LOTUS GROUP 401(K) PLAN is $8,084

In 2022, the estimated average employer match for an employee in LOTUS GROUP 401(K) PLAN is approximately $2,471

In 2022, LOTUS GROUP 401(K) PLAN allocates $375,732 to match its employees’ contributions, providing an employer match rate of 32.61% of their contributions

In 2022, the total retirement plan asset growth rate of LOTUS GROUP 401(K) PLAN is 1.42%

In 2022, the estimated aggregate retirement account investment gain/loss for LOTUS GROUP 401(K) PLAN is -17.14%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOTUS GROUP 401(K) PLAN is 0.23%.

Enrollment Features

LOTUS GROUP 401(K) 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.