OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN

At the end of 2022, the total retirement plan assets of OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN is $4,508,236.This plan was established in 1999.

At the end of 2022, the total number of retirement plan participants in OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN is 130

In 2022, the average participant retirement account value for OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN is $34,678

In 2022, the estimated average employee contribution amount per participant for OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN is $2,209

In 2022, the estimated average employer match for an employee in OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN is approximately $1,314

In 2022, OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN allocates $170,869 to match its employees’ contributions, providing an employer match rate of 51.04% of their contributions

In 2022, the total retirement plan asset growth rate of OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN is -9.61%

In 2022, the estimated aggregate retirement account investment gain/loss for OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN is -13.11%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of OMNITEX CORPORATION PROFIT SHARING 401(K) PLAN is 0.99%.

Enrollment Features

OMNITEX CORPORATION PROFIT SHARING 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.