Saving for Retirement
Tax Sheltered Annuity Benefit Plan
All employees may participate in a tax sheltered annuity program upon employment. A tax-sheltered annuity is a funding vehicle for retirement where an employee may make voluntary contributions through salary reduction up to a maximum amount established by the Internal Revenue Service. The contributions are made through payroll deductions and are tax deferred until funds are withdrawn. Employees have numerous investment options through Principal Financial Group.