LOWER LLC 401(K) RETIREMENT PLAN

At the end of 2022, the total retirement plan assets of LOWER LLC 401(K) RETIREMENT PLAN is $20,965,037.This plan was established in 2014.

At the end of 2022, the total number of retirement plan participants in LOWER LLC 401(K) RETIREMENT PLAN is 1583

In 2022, the average participant retirement account value for LOWER LLC 401(K) RETIREMENT PLAN is $13,243

In 2022, the estimated average employee contribution amount per participant for LOWER LLC 401(K) RETIREMENT PLAN is $4,163

In 2022, the estimated average employer match for an employee in LOWER LLC 401(K) RETIREMENT PLAN is approximately $306

In 2022, LOWER LLC 401(K) RETIREMENT PLAN allocates $485,894 to match its employees’ contributions, providing an employer match rate of 9.23% of their contributions

In 2022, the total retirement plan asset growth rate of LOWER LLC 401(K) RETIREMENT PLAN is -7.01%

In 2022, the estimated aggregate retirement account investment gain/loss for LOWER LLC 401(K) RETIREMENT PLAN is -17.00%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOWER LLC 401(K) RETIREMENT PLAN is 0.84%.

Enrollment Features

LOWER LLC 401(K) RETIREMENT 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.