OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST

At the end of 2021, the total retirement plan assets of OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST is $2,810,157.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST is 193

In 2021, the average participant retirement account value for OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST is $14,560

In 2021, the estimated average employee contribution amount per participant for OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST is $745

In 2021, the estimated average employer match for an employee in OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST is approximately $305

In 2021, OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST allocates $58,946 to match its employees’ contributions, providing an employer match rate of 40.96% of their contributions

In 2021, the total retirement plan asset growth rate of OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST is 9.61%

In 2021, the estimated aggregate retirement account investment gain/loss for OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST is 9.28%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST is 0.66%.

Enrollment Features

OMEGA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.