OMNI METAL FINISHING INC 401K PLAN

At the end of 2022, the total retirement plan assets of OMNI METAL FINISHING INC 401K PLAN is $288,948.This plan was established in 2020.

At the end of 2022, the total number of retirement plan participants in OMNI METAL FINISHING INC 401K PLAN is 146

In 2022, the average participant retirement account value for OMNI METAL FINISHING INC 401K PLAN is $1,979

In 2022, the estimated average employee contribution amount per participant for OMNI METAL FINISHING INC 401K PLAN is $993

In 2022, the estimated average employer match for an employee in OMNI METAL FINISHING INC 401K PLAN is approximately $459

In 2022, OMNI METAL FINISHING INC 401K PLAN allocates $67,080 to match its employees’ contributions, providing an employer match rate of 48.22% of their contributions

In 2022, the total retirement plan asset growth rate of OMNI METAL FINISHING INC 401K PLAN is 8.19%

In 2022, the estimated aggregate retirement account investment gain/loss for OMNI METAL FINISHING INC 401K PLAN is -16.48%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of OMNI METAL FINISHING INC 401K PLAN is 1.80%.

Enrollment Features

OMNI METAL FINISHING INC 401K 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.