Texas Hospital Association Retirement Plan

THA Retirement Plan:

 

THA Retirement Plan (THARP)

OVERVIEW

Exclusive Membership
The THA Retirement Plan is designed to meet the retirement needs of hospitals and health care entities. Sponsored by the Texas Hospital Association, it manages more than two investment funds held in trust with assets of more than $450 million, and is one of the largest trade association-sponsored retirement programs in the United States.
Investments
A board of Successor Trustees oversees the management of the THA Retirement Plan through a group of nationally known investment managers selected to invest the assets in diversified stock and bond portfolios.
Administration
HealthShare/THA (HealthShare), a THA subsidiary, is the Plan Administrator and works closely with several independent professionals to ensure that all the THA Retirement Plan administrative and regulatory needs are met.
Flexibility
Total flexibility is available through individual plans designed to meet the retirement needs of private and public organizations. Employers have direct access to plan design experts skilled in crafting meaningful retirement benefits for employees.
Security
Assets are collateralized and held for safekeeping in separate trust funds in a large northeast financial institution.  These trust funds are operated for the exclusive benefit of participants and their beneficiaries and protected from creditors under federal law.
Maturity
The THA Retirement Plan has been in existence since 1969 and provides benefits for more than 17,000 current and former employees. Annual contributions exceed $15 million and more than 1,400 retirees currently receive monthly incomes from the program.

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