Retirement Benefits

TP-RetirementBenefits1Towne strongly believes it is imperative that its associates plan for the future and invest in their retirement to ensure those well-deserved days can be enjoyed to the fullest.

Accordingly, the company offers participation in the 401(k) Retirement Plan to all associates at least 18 years of age beginning the first quarter following 6 months of employment during which they worked a minimum of 500 hours.

The Plan, which is overseen by a committee of elected 401(k) participants, has a well balanced portfolio of investment options including age based funds and offers participation in both the Traditional and Roth options.

Towne has consistently matched 75 percent of the first 6 percent of compensation capped at $1,000 and accepts rollover funds upon hire.