My TMC experience.

Oh nice! Well, at least it will be a "familiar" face.

 

Wow, so many posts from July lol. Glad to see you are enjoying yourself most of the time.

I worked for tmc for a couple months, wasn't for me.... to much work for the amount they want to pay me.

Makin the easy money now lol.

 

I did a little digging and came up with the following information.

You need 6 months of employment to begin the program and you can only contribute up to 60% of your paycheck.

You're enrolled automatically (with a contribution rate set to 3%) unless you affirmatively elect not to participate.

TMC contributes 10% of the first 6 percent you contribute.

A participant is 100 percent vested after five years.

List of funds available (current as of Dec 2013)

PIMCO Total Return Admin Mutual Fund
Columbia Acorn International Z Mutual Fund
Loomis Small Cap Value Fund Mutual Fund
Northern Small Cap Value Fund Mutual Fund
Oppenheimer Developing Markets A Mutual Fund
Baron Small Cap Fund Mutual Fund
Artisan Mid Cap Value Fund Mutual Fund
Invesco Diversified Dividend Fund Mutual Fund
Goldman Sachs Growth Opportunities Fund Mutual Fun
Fidelity Contrafund Fund Mutual Fund
Fidelity International Discovery Fund Mutual Fund
Fidelity Blue Chip Growth Fund Mutual Fund
Fidelity Low-Priced Stock Fund Mutual Fund
MFS Lifetime Retirement Income Fund Mutual Fund
MFS Lifetime 2010 Fund Mutual Fund
MFS Lifetime 2015 Fund Mutual Fund
MFS Lifetime 2020 Fund Mutual Fund
MFS Lifetime 2025 Fund Mutual Fund
MFS Lifetime 2030 Fund Mutual Fund
MFS Lifetime 2035 Fund Mutual Fund
MFS Lifetime 2040 Fund Mutual Fund
MFS Lifetime 2045 Fund Mutual Fund
MFS Lifetime 2050 Fund Mutual Fund
MFS Lifetime 2055 Fund Mutual Fund
Fidelity Small Cap Discovery Fund Mutual Fund
Spartan U.S. Bond Index Fund Mutual Fund
Spartan 500 Index Fund Mutual Fund
Fidelity Managed Income Portfolio

 

That's actually kind of a weak 401(k) program...

I mean, it has a reasonable variety of choices for funds to purchase, but the matching percentage (ten cents on the dollar) from the company is rather marginal at best if I am reading this correctly. Also, I am assuming the five year vesting is on the company match portion, I don't see how they can vest your own contribution.

 

Yea hope they contribute more then 10%

 

I don't mean to take this thread too far off topic, but yeah that 10% match is pretty weak.

The information I posted is correct though. All companies are required to post certain information about their retirement programs to the Department of Labor / general public. If you go to this site:

https://www.efast.dol.gov/portal/app/disseminate?execution=e3s1

For the Plan Name, search for Annett Holdings, the parent company of TMC, you'll see several years of 401(k) info and one year of their ESOP information. I'm not financially savvy enough to determine exactly how the ESOP program works from the statements, but all the financial data is public record so it's not a secret or anything. Perhaps Gunner could go into a little more detail for us

 

Do they still make you get a passport?