LOVOTTI AIR 401(K) PROFIT SHARING PLAN

At the end of 2021, the total retirement plan assets of LOVOTTI AIR 401(K) PROFIT SHARING PLAN is $1,336,398.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in LOVOTTI AIR 401(K) PROFIT SHARING PLAN is 129

In 2021, the average participant retirement account value for LOVOTTI AIR 401(K) PROFIT SHARING PLAN is $10,359

In 2021, the estimated average employee contribution amount per participant for LOVOTTI AIR 401(K) PROFIT SHARING PLAN is $880

In 2021, the estimated average employer match for an employee in LOVOTTI AIR 401(K) PROFIT SHARING PLAN is approximately $832

In 2021, LOVOTTI AIR 401(K) PROFIT SHARING PLAN allocates $107,380 to match its employees’ contributions, providing an employer match rate of 94.52% of their contributions

In 2021, the total retirement plan asset growth rate of LOVOTTI AIR 401(K) PROFIT SHARING PLAN is 30.10%

In 2021, the estimated aggregate retirement account investment gain/loss for LOVOTTI AIR 401(K) PROFIT SHARING PLAN is 13.55%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of LOVOTTI AIR 401(K) PROFIT SHARING PLAN is 0.32%.

Enrollment Features

LOVOTTI AIR 401(K) PROFIT SHARING 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.