The Partnership offers a 401(k) retirement plan to eligible employees. The 401(k) is funded by both your voluntary pre-tax contributions and by an employer match.

Benefits of Investing in the 401(k) Plan

By investing in the Partnership’s 401(k) plan, you can save for your retirement and provide you and your family additional financial security through the following features:

  • Pre-tax contributions. You may choose to contribute up 100% of your total pay. Your taxable income is reduced by the amount you contribute through salary deferral. This lets you reduce your taxable income, saving you money that would otherwise go toward income taxes.
  • Employer contributions. The Partnership will match 100% of the first 4% of the pay you contribute to the plan through salary deferral.
  • 401(k) loan. For life’s inevitable emergencies, you may borrow up to 50% of the account balance or $50,000 (whichever is less). The interest rate is determined when you apply for the loan. Unlike other types loans, in a 401(k) loan, both the principal and interest are paid directly back to your retirement account.

Eligibility and Additional Info

You are eligible to join the plan if you:

  • are at least age 21
  • have completed 1 year with the Partnership in which you worked at least 1,000 hours
  • are a regular part-time, abbreviated schedule, or full-time employee

You may enter the plan on the quarterly date on or after you meet eligibility requirements.

For more information on the 401(k) retirement plan:

For general investment and financial security information: