LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN

At the end of 2022, the total retirement plan assets of LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN is $61,056,534.This plan was established in 1998.

At the end of 2022, the total number of retirement plan participants in LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN is 290

In 2022, the average participant retirement account value for LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN is $210,539

In 2022, the estimated average employee contribution amount per participant for LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN is $5,832

In 2022, the estimated average employer match for an employee in LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN is approximately $5,100

In 2022, LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN allocates $1,479,226 to match its employees’ contributions, providing an employer match rate of 88.68% of their contributions

In 2022, the total retirement plan asset growth rate of LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN is -17.96%

In 2022, the estimated aggregate retirement account investment gain/loss for LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN is -15.08%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS PLAN is 0.14%.

Enrollment Features

LOUISIANA WORKERS’ COMPENSATION CORPORATION 401K SAVINGS 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.