LOOP-LOC, LTD. 401(K) PLAN
Plan Contact
- Address: 390 MOTOR PARKWAY,HAUPPAUGE,NY
- Contact person: HOWARD ABRAMOWITZ
- Phone: (631) 582-2626
Plan General Information
LOOP-LOC, LTD. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LOOP-LOC, LTD. 401(K) PLAN is $14,648,723.00.This plan was established in 1985.
LOOP-LOC, LTD. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LOOP-LOC, LTD. 401(K) PLAN is 236
LOOP-LOC, LTD. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LOOP-LOC, LTD. 401(K) PLAN is $62,070.00
LOOP-LOC, LTD. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LOOP-LOC, LTD. 401(K) PLAN is $1,708.00.
LOOP-LOC, LTD. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LOOP-LOC, LTD. 401(K) PLAN is approximately $601.00
Investing in this additonal $601.00 for 20 years would give you extra $38,487.00, assuming a 10% annual return.
Investing in this additonal $601.00 for 20 years would give you extra $38,487.00, assuming a 10% annual return.
LOOP-LOC, LTD. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, LOOP-LOC, LTD. 401(K) PLAN allocates $141,923.00 to match its employees' contributions, providing an employer match rate of 37.58% of their contributions
LOOP-LOC, LTD. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LOOP-LOC, LTD. 401(K) PLAN is -19.29%.
LOOP-LOC, LTD. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LOOP-LOC, LTD. 401(K) PLAN is -20.45%. This measures the effectiveness of the plan participants' investments in the year.
LOOP-LOC, LTD. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LOOP-LOC, LTD. 401(K) PLAN is 0.01%.
Enrollment Features
LOOP-LOC, LTD. 401(K) 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.
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