OMEGA PLASTICS, LLC 401(K) PLAN

At the end of 2022, the total retirement plan assets of OMEGA PLASTICS, LLC 401(K) PLAN is $4,980,944.This plan was established in 1985.

At the end of 2022, the total number of retirement plan participants in OMEGA PLASTICS, LLC 401(K) PLAN is 204

In 2022, the average participant retirement account value for OMEGA PLASTICS, LLC 401(K) PLAN is $24,416

In 2022, the estimated average employee contribution amount per participant for OMEGA PLASTICS, LLC 401(K) PLAN is $1,595

In 2022, the estimated average employer match for an employee in OMEGA PLASTICS, LLC 401(K) PLAN is approximately $535

In 2022, OMEGA PLASTICS, LLC 401(K) PLAN allocates $109,171 to match its employees’ contributions, providing an employer match rate of 34.47% of their contributions

In 2022, the total retirement plan asset growth rate of OMEGA PLASTICS, LLC 401(K) PLAN is -12.94%

In 2022, the estimated aggregate retirement account investment gain/loss for OMEGA PLASTICS, LLC 401(K) PLAN is -13.50%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of OMEGA PLASTICS, LLC 401(K) PLAN is 0.22%.

Enrollment Features

OMEGA PLASTICS, LLC 401(K) 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.