TMC 401(K) PLAN

At the end of 2021, the total retirement plan assets of TMC 401(K) PLAN is $13,752,352.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in TMC 401(K) PLAN is 167

In 2021, the average participant retirement account value for TMC 401(K) PLAN is $82,349

In 2021, the estimated average employee contribution amount per participant for TMC 401(K) PLAN is $7,785

In 2021, the estimated average employer match for an employee in TMC 401(K) PLAN is approximately $1,089

In 2021, TMC 401(K) PLAN allocates $182,017 to match its employees’ contributions, providing an employer match rate of 14.00% of their contributions

In 2021, the total retirement plan asset growth rate of TMC 401(K) PLAN is 23.62%

In 2021, the estimated aggregate retirement account investment gain/loss for TMC 401(K) PLAN is 14.45%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of TMC 401(K) PLAN is 0.08%.

Enrollment Features

TMC 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.