OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN

At the end of 2022, the total retirement plan assets of OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN is $9,119,064.This plan was established in 1995.

At the end of 2022, the total number of retirement plan participants in OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN is 220

In 2022, the average participant retirement account value for OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN is $41,450

In 2022, the estimated average employee contribution amount per participant for OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN is $5,710

In 2022, the estimated average employer match for an employee in OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN is approximately $1,678

In 2022, OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN allocates $369,289 to match its employees’ contributions, providing an employer match rate of 31.47% of their contributions

In 2022, the total retirement plan asset growth rate of OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN is -5.75%

In 2022, the estimated aggregate retirement account investment gain/loss for OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN is -17.50%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of OMEGA MORGAN HOLDINGS INC. 401(K) SAVINGS PLAN is 0.29%.

Enrollment Features

OMEGA MORGAN HOLDINGS INC. 401(K) 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.