LOWEN CORPORATION 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOWEN CORPORATION 401(K) PLAN is $10,024,321.This plan was established in 1995.

At the end of 2022, the total number of retirement plan participants in LOWEN CORPORATION 401(K) PLAN is 256

In 2022, the average participant retirement account value for LOWEN CORPORATION 401(K) PLAN is $39,157

In 2022, the estimated average employee contribution amount per participant for LOWEN CORPORATION 401(K) PLAN is $2,457

In 2022, the estimated average employer match for an employee in LOWEN CORPORATION 401(K) PLAN is approximately $327

In 2022, LOWEN CORPORATION 401(K) PLAN allocates $83,963 to match its employees’ contributions, providing an employer match rate of 13.72% of their contributions

In 2022, the total retirement plan asset growth rate of LOWEN CORPORATION 401(K) PLAN is -21.69%

In 2022, the estimated aggregate retirement account investment gain/loss for LOWEN CORPORATION 401(K) PLAN is -16.19%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOWEN CORPORATION 401(K) PLAN is 0.46%.

Enrollment Features

LOWEN CORPORATION 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.