The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
Texas Homebuilder Workers' Compensation Group (THB) reports the release of the 2014 dividend to policyholders bringing total dividend payments to over $500,000.
"This is a unique workers' compensation program available only to the homebuilders of Texas. THB board and safety committee members are all policyholders and leaders within the Texas homebuilder community," said Jessica Goehring, Group Administrator and Director.
Announcing the dividend on a recent conference call, Goehring spoke of the "tremendous support" that this program receives from the leadership of members of the Texas Association of Builders.
"New builders are benefiting from the risk management leadership demonstrated by large volume homebuilders and specialized custom homebuilders who are policyholders and advisors to the THB Group. Their continued efforts to model good business practices in the industry has literally paid off in dividends each year since the group's inception in 2004."
Founded by members of Hotchkiss Insurance Agency, THB is headquartered in Carrollton, Texas.
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