TM PAY, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of TM PAY, INC. 401(K) PLAN is $16,776,090.This plan was established in 2007.

At the end of 2022, the total number of retirement plan participants in TM PAY, INC. 401(K) PLAN is 381

In 2022, the average participant retirement account value for TM PAY, INC. 401(K) PLAN is $44,031

In 2022, the estimated average employee contribution amount per participant for TM PAY, INC. 401(K) PLAN is $2,667

In 2022, the estimated average employer match for an employee in TM PAY, INC. 401(K) PLAN is approximately $1,545

In 2022, TM PAY, INC. 401(K) PLAN allocates $588,947 to match its employees’ contributions, providing an employer match rate of 57.80% of their contributions

In 2022, the total retirement plan asset growth rate of TM PAY, INC. 401(K) PLAN is -11.60%

In 2022, the estimated aggregate retirement account investment gain/loss for TM PAY, INC. 401(K) PLAN is -15.71%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of TM PAY, INC. 401(K) PLAN is 0.44%.

Enrollment Features

TM PAY, INC. 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.