LOWER FOODS 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOWER FOODS 401(K) PLAN is $1,614,831.This plan was established in 2018.

At the end of 2022, the total number of retirement plan participants in LOWER FOODS 401(K) PLAN is 177

In 2022, the average participant retirement account value for LOWER FOODS 401(K) PLAN is $9,123

In 2022, the estimated average employee contribution amount per participant for LOWER FOODS 401(K) PLAN is $1,411

In 2022, the estimated average employer match for an employee in LOWER FOODS 401(K) PLAN is approximately $918

In 2022, LOWER FOODS 401(K) PLAN allocates $162,519 to match its employees’ contributions, providing an employer match rate of 66.38% of their contributions

In 2022, the total retirement plan asset growth rate of LOWER FOODS 401(K) PLAN is 8.21%

In 2022, the estimated aggregate retirement account investment gain/loss for LOWER FOODS 401(K) PLAN is -17.11%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOWER FOODS 401(K) PLAN is 0.06%.

Enrollment Features

LOWER FOODS 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.