OMEGA FLEX, INC. 401K PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of OMEGA FLEX, INC. 401K PROFIT SHARING PLAN is $23,579,305.This plan was established in 2005.

At the end of 2022, the total number of retirement plan participants in OMEGA FLEX, INC. 401K PROFIT SHARING PLAN is 168

In 2022, the average participant retirement account value for OMEGA FLEX, INC. 401K PROFIT SHARING PLAN is $140,353

In 2022, the estimated average employee contribution amount per participant for OMEGA FLEX, INC. 401K PROFIT SHARING PLAN is $6,448

In 2022, the estimated average employer match for an employee in OMEGA FLEX, INC. 401K PROFIT SHARING PLAN is approximately $4,526

In 2022, OMEGA FLEX, INC. 401K PROFIT SHARING PLAN allocates $760,474 to match its employees’ contributions, providing an employer match rate of 71.04% of their contributions

In 2022, the total retirement plan asset growth rate of OMEGA FLEX, INC. 401K PROFIT SHARING PLAN is -12.95%

In 2022, the estimated aggregate retirement account investment gain/loss for OMEGA FLEX, INC. 401K PROFIT SHARING PLAN is -16.62%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of OMEGA FLEX, INC. 401K PROFIT SHARING PLAN is 0.17%.

Enrollment Features

OMEGA FLEX, INC. 401K PROFIT SHARING 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.