LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN

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, LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN allocates $343,299 to match its employees’ contributions, providing an employer match rate of 25.61% of their contributions

In 2022, the estimated average employer match for an employee in LOTUS COMMUNICATIONS CORP. 401(K) RETIREMENT AND SAVINGS PLAN is approximately $764