OMT-VEYHL 401(K) PLAN
Overview
Plan Contact
- Address: 11511 JAMES STREET,HOLLAND,MI
- Contact person: ANN KELBEL
- Phone: (616) 738-6688
Plan General Information
At the end of 2022, the total retirement plan assets of OMT-VEYHL 401(K) PLAN is $6,719,016.This plan was established in 2015.
At the end of 2022, the total number of retirement plan participants in OMT-VEYHL 401(K) PLAN is 378
In 2022, the average participant retirement account value for OMT-VEYHL 401(K) PLAN is $17,775
In 2022, the estimated average employee contribution amount per participant for OMT-VEYHL 401(K) PLAN is $2,260
In 2022, the estimated average employer match for an employee in OMT-VEYHL 401(K) PLAN is approximately $997
In 2022, OMT-VEYHL 401(K) PLAN allocates $376,943 to match its employees’ contributions, providing an employer match rate of 44.29% of their contributions
In 2022, the total retirement plan asset growth rate of OMT-VEYHL 401(K) PLAN is -9.69%
In 2022, the estimated aggregate retirement account investment gain/loss for OMT-VEYHL 401(K) PLAN is -17.10%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of OMT-VEYHL 401(K) PLAN is 0.73%.
Enrollment Features
OMT-VEYHL 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.