OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN is $36,177,390.This plan was established in 1993.

At the end of 2022, the total number of retirement plan participants in OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN is 400

In 2022, the average participant retirement account value for OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN is $90,443

In 2022, the estimated average employee contribution amount per participant for OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN is $5,629

In 2022, the estimated average employer match for an employee in OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN is approximately $3,139

In 2022, OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN allocates $1,255,883 to match its employees’ contributions, providing an employer match rate of 57.72% of their contributions

In 2022, the total retirement plan asset growth rate of OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN is -9.81%

In 2022, the estimated aggregate retirement account investment gain/loss for OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN is -14.31%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of OMNETICS CONNECTOR CORPORATION 401(K) PROFIT SHARING PLAN is 0.24%.

Enrollment Features

OMNETICS CONNECTOR CORPORATION 401(K) 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.