TMEIC CORPORATION 401(K) PLAN

Overview

Plan Contact

  • Address: 2060 COOK DRIVE,SALEM,VA
  • Contact person: HUBERT MENSAH
  • Phone: (540) 283-2073

Plan General Information


At the end of 2021, the total retirement plan assets of TMEIC CORPORATION 401(K) PLAN is $93,561,009.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in TMEIC CORPORATION 401(K) PLAN is 437

In 2021, the average participant retirement account value for TMEIC CORPORATION 401(K) PLAN is $214,098

In 2021, the estimated average employee contribution amount per participant for TMEIC CORPORATION 401(K) PLAN is $10,482

In 2021, the estimated average employer match for an employee in TMEIC CORPORATION 401(K) PLAN is approximately $5,979

In 2021, TMEIC CORPORATION 401(K) PLAN allocates $2,613,189 to match its employees’ contributions, providing an employer match rate of 57.04% of their contributions

In 2021, the total retirement plan asset growth rate of TMEIC CORPORATION 401(K) PLAN is 20.32%

In 2021, the estimated aggregate retirement account investment gain/loss for TMEIC CORPORATION 401(K) PLAN is 16.89%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of TMEIC CORPORATION 401(K) PLAN is -0.00%.

Enrollment Features

TMEIC CORPORATION 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.