OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN is $19,479,295.This plan was established in 2018.

At the end of 2022, the total number of retirement plan participants in OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN is 1155

In 2022, the average participant retirement account value for OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN is $16,865

In 2022, the estimated average employee contribution amount per participant for OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN is $1,073

In 2022, the estimated average employer match for an employee in OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN is approximately $174

In 2022, OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN allocates $201,919 to match its employees’ contributions, providing an employer match rate of 16.66% of their contributions

In 2022, the total retirement plan asset growth rate of OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN is -14.92%

In 2022, the estimated aggregate retirement account investment gain/loss for OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN is -16.57%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) PLAN is 0.07%.

Enrollment Features

OMNI ENVIRONMENTAL SOLUTIONS, INC. 401(K) 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.