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THA Retirement Plan (THARP) |
INVESTMENTS
The Successor Trustees believe that specific investment performance objectives are appropriate to facilitate an ongoing review and evaluation of the retirement fund. The investment objectives established by the Successor Trustees for the THA Retirement Plan reflect the following general goals:
The risk posture of the THA retirement Plan includes both the member hospital's financial ability to take risk (risk tolerance), and its willingness to accept risk (risk preference) in the investment program.
The overall asset-mix policy established for the THA Retirement Plan reflects the risk posture of THA and participating member hospitals.
The THA Retirement Plan provide returns, which improve the funded status of the participating hospitals over time and reduce the hospital's retirement plan costs.
The Successor Trustees expect to receive above-average performance from the investment managers in exchange for the fees paid to the management firms.
The THA Retirement Plan participating members receive a pro-rata share of the total investment results of the retirement fund.
On a timely basis, but not less than once a year, the Successor Trustees will review actual results achieved to determine whether the investment goals have been met.
Based on these general goals, written investment objectives have been established to provide the Successor Trustees with a quantified basis upon which to judge the effectiveness of the investment program and the investment managers. The Successor Trustees will evaluate the overall performance of the investment program and its managers with respect to the stated objectives in the context of a three to five-year horizon.
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