LOVELACE SCIENTIFIC RESOURCES 401K PLAN
Overview
Plan Contact
- Address: 2441 RIDGECREST DRIVE SE,ALBUQUERQUE,NM
- Contact person: DAVID FLANDERS
- Phone: (505) 348-9400
Plan General Information
At the end of 2022, the total retirement plan assets of LOVELACE SCIENTIFIC RESOURCES 401K PLAN is $17,393,882.This plan was established in 1990.
At the end of 2022, the total number of retirement plan participants in LOVELACE SCIENTIFIC RESOURCES 401K PLAN is 254
In 2022, the average participant retirement account value for LOVELACE SCIENTIFIC RESOURCES 401K PLAN is $68,479
In 2022, the estimated average employee contribution amount per participant for LOVELACE SCIENTIFIC RESOURCES 401K PLAN is $267
In 2022, the estimated average employer match for an employee in LOVELACE SCIENTIFIC RESOURCES 401K PLAN is approximately $178
In 2022, LOVELACE SCIENTIFIC RESOURCES 401K PLAN allocates $45,349 to match its employees’ contributions, providing an employer match rate of 63.63% of their contributions
In 2022, the total retirement plan asset growth rate of LOVELACE SCIENTIFIC RESOURCES 401K PLAN is -18.84%
In 2022, the estimated aggregate retirement account investment gain/loss for LOVELACE SCIENTIFIC RESOURCES 401K PLAN is -15.27%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of LOVELACE SCIENTIFIC RESOURCES 401K PLAN is 0.09%.
Enrollment Features
LOVELACE SCIENTIFIC RESOURCES 401K 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.