Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Omega Flex, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Omega Flex, Inc. under EIN 23-1948942 and plan number 001. The latest loaded filing year is 2023. The filing reports 179 participants and $27,355,440 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $27,355,440
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,355,440
- Net assets (BOY)
- $23,579,305
Income & contributions
- Employer contributions
- $808,768
- Participant contributions
- $1,116,100
- Total contributions
- $2,735,016
- Total income / additions
- $6,519,523
Expenses & distributions
- Benefits paid
- $2,694,025
- Administrative expenses
- $40,374
- Total expenses
- $2,743,388
- Net increase / (decrease)
- $3,776,135