Houston Texas Deferred Compensation Investment Account Plan

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: Houston
• Control #: US-CC-20-146
• Format: Word; Rich Text

Description

20-146 20-146 . . . Deferred Compensation Investment Account Plan under which Board of Directors of Savings and Loan Association allocates a portion of annual bonuses which would otherwise be paid to selected officers and employees to a separate account. The deferred compensation in such account is deemed, for purposes of Plan only, to represent specified percentages of Association's investments in certain portfolios of equity securities, and it is increased or decreased to same extent as performance of such securities Houston Texas Deferred Compensation Investment Account Plan is a retirement savings plan specifically designed for employees of the City of Houston, Texas. This plan offers a tax-deferred way for employees to invest and accumulate funds for their retirement. Both full-time and part-time employees are eligible to participate in the plan, and contributions are made on a pre-tax basis, meaning that they are deducted from the employee's salary before taxes are applied. The Houston Texas Deferred Compensation Investment Account Plan provides employees with the opportunity to select from a wide array of investment options. These options include various mutual funds, bonds, stocks, and lifecycle funds, allowing employees to personalize their investment portfolios based on their risk tolerance and retirement goals. One type of Houston Texas Deferred Compensation Investment Account Plan is the Defined Contribution Plan. Under this plan, employees contribute a percentage of their salary, which is matched in part or in whole by the City of Houston. The contributions and investment earnings in this plan are tax-deferred until withdrawal, providing employees with potential tax advantages and growth opportunities over time. Another type of plan available is the 457(b) plan, which is a deferred compensation plan offered to public sector employees. This plan allows employees to contribute a portion of their salary into their retirement account, benefiting from the potential tax-free growth on their investments until withdrawn. The contributions made by employees may be eligible for a partial or full match from the City of Houston. The Houston Texas Deferred Compensation Investment Account Plan is administered by a team of financial professionals who assist employees in managing their accounts and provide educational resources to help employees make informed investment decisions. Employees have access to online tools and resources that assist them in monitoring their account balance, selecting investments, and planning for retirement. As for the benefits of participating in the Houston Texas Deferred Compensation Investment Account Plan, it provides employees with a flexible way to save for retirement while benefiting from potential tax advantages. By contributing to this plan, employees can take advantage of the power of compounding returns, potentially maximizing their retirement savings over time. In summary, the Houston Texas Deferred Compensation Investment Account Plan is a retirement savings option available for employees of the City of Houston. It offers tax-deferred investment opportunities and a range of investment options to suit employees' individual investment preferences and goals. Participating employees can enjoy the benefits of potential tax advantages, employer contributions, and professional assistance in managing their retirement funds.

Houston Texas Deferred Compensation Investment Account Plan is a retirement savings plan specifically designed for employees of the City of Houston, Texas. This plan offers a tax-deferred way for employees to invest and accumulate funds for their retirement. Both full-time and part-time employees are eligible to participate in the plan, and contributions are made on a pre-tax basis, meaning that they are deducted from the employee's salary before taxes are applied. The Houston Texas Deferred Compensation Investment Account Plan provides employees with the opportunity to select from a wide array of investment options. These options include various mutual funds, bonds, stocks, and lifecycle funds, allowing employees to personalize their investment portfolios based on their risk tolerance and retirement goals. One type of Houston Texas Deferred Compensation Investment Account Plan is the Defined Contribution Plan. Under this plan, employees contribute a percentage of their salary, which is matched in part or in whole by the City of Houston. The contributions and investment earnings in this plan are tax-deferred until withdrawal, providing employees with potential tax advantages and growth opportunities over time. Another type of plan available is the 457(b) plan, which is a deferred compensation plan offered to public sector employees. This plan allows employees to contribute a portion of their salary into their retirement account, benefiting from the potential tax-free growth on their investments until withdrawn. The contributions made by employees may be eligible for a partial or full match from the City of Houston. The Houston Texas Deferred Compensation Investment Account Plan is administered by a team of financial professionals who assist employees in managing their accounts and provide educational resources to help employees make informed investment decisions. Employees have access to online tools and resources that assist them in monitoring their account balance, selecting investments, and planning for retirement. As for the benefits of participating in the Houston Texas Deferred Compensation Investment Account Plan, it provides employees with a flexible way to save for retirement while benefiting from potential tax advantages. By contributing to this plan, employees can take advantage of the power of compounding returns, potentially maximizing their retirement savings over time. In summary, the Houston Texas Deferred Compensation Investment Account Plan is a retirement savings option available for employees of the City of Houston. It offers tax-deferred investment opportunities and a range of investment options to suit employees' individual investment preferences and goals. Participating employees can enjoy the benefits of potential tax advantages, employer contributions, and professional assistance in managing their retirement funds.