TANNER ADVANTAGE 401(K) PLAN

At the end of 2022, the total retirement plan assets of TANNER ADVANTAGE 401(K) PLAN is $306,745,330.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in TANNER ADVANTAGE 401(K) PLAN is 4436

In 2022, the average participant retirement account value for TANNER ADVANTAGE 401(K) PLAN is $69,149

In 2022, the estimated average employee contribution amount per participant for TANNER ADVANTAGE 401(K) PLAN is $5,141

In 2022, the estimated average employer match for an employee in TANNER ADVANTAGE 401(K) PLAN is approximately $1,786

In 2022, TANNER ADVANTAGE 401(K) PLAN allocates $7,926,203 to match its employees’ contributions, providing an employer match rate of 36.21% of their contributions

In 2022, the total retirement plan asset growth rate of TANNER ADVANTAGE 401(K) PLAN is -12.35%

In 2022, the estimated aggregate retirement account investment gain/loss for TANNER ADVANTAGE 401(K) PLAN is -15.41%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of TANNER ADVANTAGE 401(K) PLAN is 0.11%.

Enrollment Features

TANNER ADVANTAGE 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.