LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST

Employer Match

An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.

In 2022, LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST allocates $1,163,140 to match its employees’ contributions, providing an employer match rate of 81.14% of their contributions

In 2022, the estimated average employer match for an employee in LOMANCO, INC. 401(K) EMPLOYEE RETIREMENT PLAN & TRUST is approximately $3,623