Plan Ledger DOL Form 5500 · updated monthly

Lotus Concepts Management Corporation401(k)

LOTUS CONCEPTS MANAGEMENT 401(K) PLAN · DENVER, CO · plan year 2022

Employer contribution per participant · 2022
$298

Lotus Concepts Management Corporation's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $850,212 across 25 participant accounts, with employer contributions averaging $298 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Colorado (1,369th of 1,461), and 1,778th of 2,240 in accommodation & food services. In 2022, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$850,212
Participants with balances25
Active participants161
Employer contributions$48,016
Employee contributions$91,473
Employer contribution per active participant$298
Average account balance$34,008
Benefits paid to participants$2,498
Plan auditUnmodified (clean) audit opinion
The Lotus Concepts Management Corporation 401(k) match · 2022
Employer contribution per active participant$298
Median for plans this size$331

Lotus Concepts Management Corporation's 2022 employer contribution ran below the $331 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

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Source: U.S. Department of Labor, Form 5500 series, EIN 461627242 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.