The Housing Agency Retirement Trust (HART) was
established in 1970 exclusively to serve local and regional housing
authorities and redevelopment agencies. HART is a nonprofit trust,
which is owned by more than 7,300 participants in the Plan.
More than 460+ participating agencies already
enjoy these advantages:
- Trustee direction - The Plan
is governed by Trustees who serve without pay.
They must be participants in the Plan and employed by a participating employer.
- Multi-employer savings - The
Plan pools the retirement contributions of all participants, which
helps to lower investment and administrative costs, as well as
annuity purchase rates.
- Flexibility - Participating
employers can customize the Plan to meet their individual needs,
with respect to eligibility, contribution levels, vesting schedules
and loan provisions. Employers join the Plan through a Joinder
- Administration - The Plan
is administered by Mercer, a division of Marsh and McLennan. Since inception,
the Plan has been administered by the same Plan Administrator.
- Record Keeping - Personalized service is provided
by HART's Recordkeeper, ADP Retirement Services. The individuals working on HART's plan
have a combined 44+ years of experience working exclusively with HART participants.
- Diversification - HART's Trustees
and investment advisors work hard to provide participants with a diversified
range of investments from which to choose. This offers participants the ability
to properly allocate their portfolios so that they can reduce investment volatility
and maximize retirement savings. Please refer to the Defined
Contribution Plan page or the 457(b) Deferred Compensation
Plan page for information on investment options.
- Stability - HART's
long-standing relationship with its Plan Administrator and Recordkeeper
provides a high level of stability. Since inception, the Plan has been administered by
Mercer, and recordkeeping is provided by ADP Retirement Services. Each individual
working exclusively on HART's plan has more than 25+ years of
experience in the Plan.