What is TOM TOM INC. 401(K) PLAN's employer match?

In 2020, TOM TOM INC. 401(K) PLAN reported $1,035,583 in employer contributions. That is about 37.5% of reported employee contributions.

How many participants are in TOM TOM INC. 401(K) PLAN?

At the end of 2020, TOM TOM INC. 401(K) PLAN reported 580 plan participants.

What are TOM TOM INC. 401(K) PLAN's total assets?

At the end of 2020, TOM TOM INC. 401(K) PLAN reported total plan assets of $87,295,176.

When was TOM TOM INC. 401(K) PLAN established?

TOM TOM INC. 401(K) PLAN was established in 1989.

What are the investment options in TOM TOM INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for TOM TOM INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/tom-tom-inc-401k-plan/

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TOM TOM INC. 401(K) PLAN

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Contribution & Savings

TOM TOM INC. 401(K) PLAN Average Participant Retirement Account Value

In 2020, the average participant retirement account value for TOM TOM INC. 401(K) PLAN is $150,508.00

TOM TOM INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2020, the estimated average employee contribution amount per participant for TOM TOM INC. 401(K) PLAN is $9,520.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
609,319.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 9,520.00 in TOM TOM INC. 401(K) PLAN, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

	Pretax and roth employee contributions	Employee and employer contributions combined	Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over)
401(k) contribution limit for 2023	$22,500	$66,000	$7,500
401(k) contribution limit for 2024	$23,000	$69,000	$7,500

$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.

$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!

Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.

Keep researching TOM TOM INC. 401(K) PLAN

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