Tom's Food Markets, Inc. 401(k) Plan: Login, Facts & Contact Information

Tom's Food Markets, Inc. 401(k) Plan Facts

Plan name
TOM'S FOOD MARKETS, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
TOM'S FOOD MARKETS, INC.
Participants
179 (150 active employees)
Former employees with a balance
0
Plan assets
$5,063,022 at Dec 31, 2023
Average account balance
$34,678 across 146 accounts
Employer contributions
$92,442 in plan year 2023 (28% of all contributions)
Recordkeeper
Huntington National Bank
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Oct 1, 1967
✓ Employer contributions— Automatic enrollment— Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 2, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $326,281 went into the plan in contributions, $92,442 of it from the employer (28%).
  • $730,071 was paid out to participants.
  • Investment and other income added $716,975.
  • Administrative expenses were $29,575, about $203 per account.

How the Tom's Food Markets, Inc. 401(k) changed, 2017–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017187$4.53 million$69,782$302,061
2018187$4.32 million$68,000$153,687
2019185$4.94 million$65,621$451,032
2021164$5.67 million$78,494$313,648
2022171$4.78 million$78,052$251,218
2023179$5.06 million$92,442$730,071

Tom's Food Markets, Inc. 401(k) Contact Information

Phone
231-946-4115
Mailing address
1311 SOUTH DIVISION, TRAVERSE CITY MI 49684
Plan sponsor
TOM'S FOOD MARKETS, INC.
Employer identification number (EIN)
38-1818287
Plan number
001

Questions about the Tom's Food Markets, Inc. 401(k)

Does Tom's Food Markets, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $92,442, 28% of all contributions.

Does the Tom's Food Markets, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Tom's Food Markets, Inc 401(k) plan?

179 participants at the start of plan year 2023, 150 of them active employees.

What is the average 401(k) balance at Tom's Food Markets, Inc?

About $34,678 per account: $5.06 million in plan assets across 146 accounts with a balance at the end of plan year 2023.

Who manages the Tom's Food Markets, Inc 401(k) accounts?

HUNTINGTON NATIONAL BANK is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Tom's Food Markets, Inc. How do I access my 401(k)?

Your account stays with HUNTINGTON NATIONAL BANK after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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