TMAG 401(K) PLAN

At the end of 2022, the total retirement plan assets of TMAG 401(K) PLAN is $2,036,223.This plan was established in 2016.

At the end of 2022, the total number of retirement plan participants in TMAG 401(K) PLAN is 367

In 2022, the average participant retirement account value for TMAG 401(K) PLAN is $5,548

In 2022, the estimated average employee contribution amount per participant for TMAG 401(K) PLAN is $1,678

In 2022, the estimated average employer match for an employee in TMAG 401(K) PLAN is approximately $500

In 2022, TMAG 401(K) PLAN allocates $183,804 to match its employees’ contributions, providing an employer match rate of 30.04% of their contributions

In 2022, the total retirement plan asset growth rate of TMAG 401(K) PLAN is 10.74%

In 2022, the estimated aggregate retirement account investment gain/loss for TMAG 401(K) PLAN is -16.57%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of TMAG 401(K) PLAN is 1.70%.

Enrollment Features

TMAG 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.