LAREDO PETROLEUM INC. 401(K) PLAN
Plan Contact
- Address: 15 W. 6TH STREET, SUITE 900,TULSA,OK
- Contact person: KIM HARDING
- Phone: (918) 513-4570
Plan General Information
LAREDO PETROLEUM INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of LAREDO PETROLEUM INC. 401(K) PLAN is $41,809,312.00.This plan was established in 2007.
LAREDO PETROLEUM INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in LAREDO PETROLEUM INC. 401(K) PLAN is 378
LAREDO PETROLEUM INC. 401(K) PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for LAREDO PETROLEUM INC. 401(K) PLAN is $110,606.00
LAREDO PETROLEUM INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for LAREDO PETROLEUM INC. 401(K) PLAN is $8,082.00.
LAREDO PETROLEUM INC. 401(K) PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in LAREDO PETROLEUM INC. 401(K) PLAN is approximately $5,528.00
Investing in this additonal $5,528.00 for 20 years would give you extra $353,812.00, assuming a 10% annual return.
Investing in this additonal $5,528.00 for 20 years would give you extra $353,812.00, assuming a 10% annual return.
LAREDO PETROLEUM INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2022, LAREDO PETROLEUM INC. 401(K) PLAN allocates $2,089,704.00 to match its employees' contributions, providing an employer match rate of 69.97% of their contributions
LAREDO PETROLEUM INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of LAREDO PETROLEUM INC. 401(K) PLAN is -15.58%.
LAREDO PETROLEUM INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for LAREDO PETROLEUM INC. 401(K) PLAN is -17.16%. This measures the effectiveness of the plan participants' investments in the year.
LAREDO PETROLEUM INC. 401(K) PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of LAREDO PETROLEUM INC. 401(K) PLAN is 0.05%.
Enrollment Features
LAREDO PETROLEUM INC. 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.
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.
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