OMEGA PLASTICS, INC. 401(K) PLAN

Plan Contact

  • Address: 24401 CAPITAL BLVD.,CLINTON TWP,MI
  • Contact person: MICHAEL PAVLICA
  • Phone: (586) 954-2100

Plan General Information

OMEGA PLASTICS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2020, the total retirement plan assets of OMEGA PLASTICS, INC. 401(K) PLAN is $3,143,357.00.This plan was established in 2019.

OMEGA PLASTICS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2020, the total number of retirement plan participants in OMEGA PLASTICS, INC. 401(K) PLAN is 141

OMEGA PLASTICS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for OMEGA PLASTICS, INC. 401(K) PLAN is $22,293.00

OMEGA PLASTICS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for OMEGA PLASTICS, INC. 401(K) PLAN is $4,330.00.

OMEGA PLASTICS, INC. 401(K) PLAN Estimated Average Employer Match

In 2020, the estimated average employer match for an employee in OMEGA PLASTICS, INC. 401(K) PLAN is approximately $366.00
Investing in this additonal $366.00 for 20 years would give you extra $23,443.00, assuming a 10% annual return.

OMEGA PLASTICS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2020, OMEGA PLASTICS, INC. 401(K) PLAN allocates $51,648.00 to match its employees' contributions, providing an employer match rate of 16.92% of their contributions

OMEGA PLASTICS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2020, the total retirement plan asset growth rate of OMEGA PLASTICS, INC. 401(K) PLAN is -7.88%.

OMEGA PLASTICS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2020, the estimated aggregate retirement account investment gain/loss for OMEGA PLASTICS, INC. 401(K) PLAN is 16.80%. This measures the effectiveness of the plan participants' investments in the year.

OMEGA PLASTICS, INC. 401(K) PLAN Expense Ratio

In 2020, the investment and administrative expense ratio of OMEGA PLASTICS, INC. 401(K) PLAN is 0.79%.

Enrollment Features

OMEGA PLASTICS, INC. 401(K) 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.

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