401(k) Plans
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Defined Contribution Plan
  • Generally for profit companies and partnerships
  • Employees may elect to contribute by payroll deduction on a pre-tax basis or after tax
  • Employer may match employee contributions
  • In-service withdrawals allowed only upon demonstration of "financial hardship"
  • Employees bear investment risk
  • Investment options are selected by THA Board of Trustees
  • Employees select investment choices from available mutual funds
  • Assets held in a custodial account with Charles Schwab
  • Compliance and Discrimination performed by third-party administrator hired by Board of Trustees
  • Mutual fund options selected by the THA Board of Trustees

Contact:

Lea Anne Porter, vice president, retirement plans, 512/465-1544