LOVELACE SCIENTIFIC RESOURCES 401K PLAN

At the end of 2022, the total retirement plan assets of LOVELACE SCIENTIFIC RESOURCES 401K PLAN is $17,393,882.This plan was established in 1990.

At the end of 2022, the total number of retirement plan participants in LOVELACE SCIENTIFIC RESOURCES 401K PLAN is 254

In 2022, the average participant retirement account value for LOVELACE SCIENTIFIC RESOURCES 401K PLAN is $68,479

In 2022, the estimated average employee contribution amount per participant for LOVELACE SCIENTIFIC RESOURCES 401K PLAN is $267

In 2022, the estimated average employer match for an employee in LOVELACE SCIENTIFIC RESOURCES 401K PLAN is approximately $178

In 2022, LOVELACE SCIENTIFIC RESOURCES 401K PLAN allocates $45,349 to match its employees’ contributions, providing an employer match rate of 63.63% of their contributions

In 2022, the total retirement plan asset growth rate of LOVELACE SCIENTIFIC RESOURCES 401K PLAN is -18.84%

In 2022, the estimated aggregate retirement account investment gain/loss for LOVELACE SCIENTIFIC RESOURCES 401K PLAN is -15.27%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOVELACE SCIENTIFIC RESOURCES 401K PLAN is 0.09%.

Enrollment Features

LOVELACE SCIENTIFIC RESOURCES 401K 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.