OMO 401(K) PLAN

At the end of 2022, the total retirement plan assets of OMO 401(K) PLAN is $957,545.This plan was established in 2006.

At the end of 2022, the total number of retirement plan participants in OMO 401(K) PLAN is 329

In 2022, the average participant retirement account value for OMO 401(K) PLAN is $2,910

In 2022, the estimated average employee contribution amount per participant for OMO 401(K) PLAN is $741

In 2022, the estimated average employer match for an employee in OMO 401(K) PLAN is approximately $366

In 2022, OMO 401(K) PLAN allocates $120,594 to match its employees’ contributions, providing an employer match rate of 49.10% of their contributions

In 2022, the total retirement plan asset growth rate of OMO 401(K) PLAN is 2.99%

In 2022, the estimated aggregate retirement account investment gain/loss for OMO 401(K) PLAN is -15.78%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of OMO 401(K) PLAN is 0.30%.

Enrollment Features

OMO 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.