LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN
Overview
Plan Contact
- Address: 100 NORTHWEST DRIVE,PLAINVILLE,CT
- Contact person: BRIAN CUTLER
- Phone: (860) 747-6181
Plan General Information
At the end of 2022, the total retirement plan assets of LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN is $20,505,110.This plan was established in 1990.
At the end of 2022, the total number of retirement plan participants in LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN is 296
In 2022, the average participant retirement account value for LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN is $69,274
In 2022, the estimated average employee contribution amount per participant for LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN is $4,535
In 2022, the estimated average employer match for an employee in LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN is approximately $1,714
In 2022, LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN allocates $507,555 to match its employees’ contributions, providing an employer match rate of 40.40% of their contributions
In 2022, the total retirement plan asset growth rate of LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN is -17.70%
In 2022, the estimated aggregate retirement account investment gain/loss for LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN is -15.17%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LOUREIRO ENGINEERING ASSOCIATES, INC 401(K) PLAN is 0.32%.
Enrollment Features
LOUREIRO ENGINEERING ASSOCIATES, 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.