TMC 401(K) RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of TMC 401(K) RETIREMENT SAVINGS PLAN is $32,343,638.This plan was established in 1993.

At the end of 2022, the total number of retirement plan participants in TMC 401(K) RETIREMENT SAVINGS PLAN is 1865

In 2022, the average participant retirement account value for TMC 401(K) RETIREMENT SAVINGS PLAN is $17,342

In 2022, the estimated average employee contribution amount per participant for TMC 401(K) RETIREMENT SAVINGS PLAN is $1,574

In 2022, the estimated average employer match for an employee in TMC 401(K) RETIREMENT SAVINGS PLAN is approximately $37

In 2022, TMC 401(K) RETIREMENT SAVINGS PLAN allocates $70,552 to match its employees’ contributions, providing an employer match rate of 2.25% of their contributions

In 2022, the total retirement plan asset growth rate of TMC 401(K) RETIREMENT SAVINGS PLAN is -16.70%

In 2022, the estimated aggregate retirement account investment gain/loss for TMC 401(K) RETIREMENT SAVINGS PLAN is -19.41%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of TMC 401(K) RETIREMENT SAVINGS PLAN is 0.84%.

Enrollment Features

TMC 401(K) RETIREMENT SAVINGS 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.