LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN
Overview
Plan Contact
- Address: 341 GRANT ROAD,EAST WENATCHEE,WA
- Contact person: JOHN SEABECK
- Phone: (509) 884-0611
Plan General Information
At the end of 2022, the total retirement plan assets of LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is $6,157,334.This plan was established in 1994.
At the end of 2022, the total number of retirement plan participants in LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is 169
In 2022, the average participant retirement account value for LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is $36,433
In 2022, the estimated average employee contribution amount per participant for LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is $3,223
In 2022, the estimated average employer match for an employee in LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is approximately $1,851
In 2022, LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN allocates $312,928 to match its employees’ contributions, providing an employer match rate of 60.11% of their contributions
In 2022, the total retirement plan asset growth rate of LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is -15.28%
In 2022, the estimated aggregate retirement account investment gain/loss for LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is -17.90%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING PLAN is 0.98%.
Enrollment Features
LOCALTEL COMMUNICATIONS 401(K) PROFIT SHARING 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.