LOOP LLC EMPLOYEES' SAVINGS PLAN
Plan Contact
- Address: 137 NORTHPARK BLVD.,COVINGTON,LA
- Contact person: TRAVIS C WILSON
- Phone: (985) 276-6100
Plan General Information
LOOP LLC EMPLOYEES' SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LOOP LLC EMPLOYEES' SAVINGS PLAN is $93,280,606.00.This plan was established in 1978.
LOOP LLC EMPLOYEES' SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LOOP LLC EMPLOYEES' SAVINGS PLAN is 234
LOOP LLC EMPLOYEES' SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LOOP LLC EMPLOYEES' SAVINGS PLAN is $398,635.00
LOOP LLC EMPLOYEES' SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LOOP LLC EMPLOYEES' SAVINGS PLAN is $12,679.00.
LOOP LLC EMPLOYEES' SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LOOP LLC EMPLOYEES' SAVINGS PLAN is approximately $7,171.00
Investing in this additonal $7,171.00 for 20 years would give you extra $458,999.00, assuming a 10% annual return.
Investing in this additonal $7,171.00 for 20 years would give you extra $458,999.00, assuming a 10% annual return.
LOOP LLC EMPLOYEES' SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, LOOP LLC EMPLOYEES' SAVINGS PLAN allocates $1,678,216.00 to match its employees' contributions, providing an employer match rate of 55.15% of their contributions
LOOP LLC EMPLOYEES' SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LOOP LLC EMPLOYEES' SAVINGS PLAN is 12.24%.
LOOP LLC EMPLOYEES' SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LOOP LLC EMPLOYEES' SAVINGS PLAN is 17.73%. This measures the effectiveness of the plan participants' investments in the year.
LOOP LLC EMPLOYEES' SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LOOP LLC EMPLOYEES' SAVINGS PLAN is 0.04%.
Enrollment Features
LOOP LLC EMPLOYEES' SAVINGS 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.
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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