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Terra Holdings offering new broker benefits.

Terra Holdings, which is New York City's largest privately held residential brokerage firm, and owns Brown Harris Stevens, Halstead Property and Halstead/FeatheredNest, has quickly earned a reputation for providing all of its brokers with excellent benefits. Two, new benefits are being offered to all of its brokers: a 401(a) retirement plan and health insurance benefits.

"Terra Holdings is the only residential brokerage firm in New York State offering a 401 (a) retirement plan to its agents," said Judith M. Caplan, vice president, Human. Resources. "The 401 (a) plan is similar to the generally well known employer 401 (k) plan which provides employees with deferred retirement savings opportunities. The 401 (a) plan allows individual agents to purchase mutual funds at a lower cost due to the group purchase' power provided through Terra Holdings."

"Terra Holdings is in the forefront of employee benefit and compensation programs among all residential brokerage firms in New York State. The programs offered to agents provide them with benefits in addition to any individual retirement account or IRA that they may have set up 'for themselves.

Even though our agents are considered independent contractors, through benefit programs such as the 401 (a) plan, we. are providing them with a level, of personal support not generally found in our industry," said Caplan.

According to Arthur Zeckendorf and Kent M. Swig, co-chairmen at Terra Holdings, "We are committed to seeing our broker succeed by providing them with superior business tools and out-standing personal benefits. Strong individuals built our firm, and these benefits are a testament to our leadership and integrity as the largest privately held brokerage in New York City. In addition t the benefits our agents receive through a 401(a) plan, health insurance benefits are available to all brokers at a company rate, allowing them to enjoy the best coverage at an affordable price."
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 3, 2002
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