LOTUS HR, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOTUS HR, INC. 401(K) PLAN is $5,027,497.This plan was established in 1992.

At the end of 2022, the total number of retirement plan participants in LOTUS HR, INC. 401(K) PLAN is 367

In 2022, the average participant retirement account value for LOTUS HR, INC. 401(K) PLAN is $13,698

In 2022, the estimated average employee contribution amount per participant for LOTUS HR, INC. 401(K) PLAN is $1,149

In 2022, the estimated average employer match for an employee in LOTUS HR, INC. 401(K) PLAN is approximately $323

In 2022, LOTUS HR, INC. 401(K) PLAN allocates $118,807 to match its employees’ contributions, providing an employer match rate of 30.21% of their contributions

In 2022, the total retirement plan asset growth rate of LOTUS HR, INC. 401(K) PLAN is -28.47%

In 2022, the estimated aggregate retirement account investment gain/loss for LOTUS HR, INC. 401(K) PLAN is -31.26%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOTUS HR, INC. 401(K) PLAN is 1.21%.

Enrollment Features

LOTUS HR, INC. 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.