PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN

Overview

Plan Contact

  • Address: 450 N SAM HOUSTON PKWY EAST SUITE 2,HOUSTON,TX
  • Contact person: RICHARD SHIMOTA
  • Phone: (713) 559-7355

Plan General Information


At the end of 2021, the total retirement plan assets of PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN is $17,791,020.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN is 226

In 2021, the average participant retirement account value for PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN is $78,721

In 2021, the estimated average employee contribution amount per participant for PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN is $5,686

In 2021, the estimated average employer match for an employee in PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN is approximately $2,570

In 2021, PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN allocates $580,896 to match its employees’ contributions, providing an employer match rate of 45.20% of their contributions

In 2021, the total retirement plan asset growth rate of PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN is 12.77%

In 2021, the estimated aggregate retirement account investment gain/loss for PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN is 13.18%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of PHARM-OLAM LLC 401(K) AND PROFIT SHARING PLAN is 0.50%.

Enrollment Features

PHARM-OLAM LLC 401(K) AND 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.