The plan offers a great selection of mutual funds in which to invest.  The funds range from very conservative to very growth oriented. Also, we have available a selection of “Lifestyle” funds are also available. These funds are “ready-mixed” -- just use chose on and you’re completely invested in a diversified, managed portfolio.

The TRP, LLC Retirement Plan matches $0.20 of every dollar you contribute
to the plan, based on your contribution of up to 5% of your salary. The Plan
allows participants to save up to $15,000 per year of their salary
($20,000 if you are over 50), tax deferred plus the potential maximum
match of 1%.  That’s as close to free money as it gets, making it that
much easier for you to achieve your long-term savings goal.

For example:

Salary:                                 $40,000 per year

Employee contribution:                 5%          =              $2,000

Discretionary match:                        1%          =              $100

The more you save for yourself, the more the match works for you!

Eligibility for the plan begins after one year of service and age 21. The match is discretionary and is based on the profitability of the company each year. It is subject to a vesting schedule which means that your ownership of the match grows as your employment service increases.  The vesting schedule is:

·         0% thru 3 years of service

·         100% after 3 years of service.

When you invest before taxes, your taxable income is lowered by the amount of your contribution. So you pay less in taxes now, resulting in more take-home pay than if you had invested after taxes were taken out. When you retire and begin making withdrawals from your before-tax account, you’ll pay income taxes on the amount you withdraw.

When you save in The TRP, LLC Retirement Plan, any earnings from your savings are reinvested along with your monthly contributions. So you can generate earnings on your earnings without paying taxes. That’s called tax-deferred compounding. The longer you save, the greater the advantage over after-tax saving.

Of all life’s expenses, retirement is probably the biggest. And let’s face it, you’re not going to want to work forever. Although retirees often have lower living expenses, some experts say you will need up to 80% of your current income to maintain your standard of living in retirement.

Most people are familiar with the idea behind Social Security. It’s a government program that acts as a financial safety net, giving people monthly income when they retire. But Social Security probably won’t be enough. In fact, the Social Security Administration predicts that its retirement benefits for the average worker will replace only around 42% of what a person’s average yearly salary was during his or her working years. That means the rest of your retirement income, close to 60%, may have to come from personal savings. 

Only you can start saving. No one’s going to do it for you. But once you enroll in the TRP, LLC Retirement Plan, you can expect plenty of help. The Plan is a leader in customer service, providing answers to your questions with a toll-free customer service line (1-800-395-1113) and 24-hour Internet (www.jhpensions.com) access to information on investments and your account. The Plan also has its own Investment Advisor, Legacy Asset Management (713-355-7171, jbirkofer@legacyasset.com) dedicated to helping the employees of TRP, LLC maximize this retirement benefit.

Start Today!