OMITRON INC 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of OMITRON INC 401(K) PROFIT SHARING PLAN is $42,243,347.This plan was established in 1987.

At the end of 2022, the total number of retirement plan participants in OMITRON INC 401(K) PROFIT SHARING PLAN is 367

In 2022, the average participant retirement account value for OMITRON INC 401(K) PROFIT SHARING PLAN is $115,104

In 2022, the estimated average employee contribution amount per participant for OMITRON INC 401(K) PROFIT SHARING PLAN is $8,237

In 2022, the estimated average employer match for an employee in OMITRON INC 401(K) PROFIT SHARING PLAN is approximately $2,301

In 2022, OMITRON INC 401(K) PROFIT SHARING PLAN allocates $844,745 to match its employees’ contributions, providing an employer match rate of 28.81% of their contributions

In 2022, the total retirement plan asset growth rate of OMITRON INC 401(K) PROFIT SHARING PLAN is -18.42%

In 2022, the estimated aggregate retirement account investment gain/loss for OMITRON INC 401(K) PROFIT SHARING PLAN is -21.48%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of OMITRON INC 401(K) PROFIT SHARING PLAN is 0.02%.

Enrollment Features

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