Annual Report of Employee Stock Purchase/Savings Plan (SEC Filing - 11-K)

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 11-K

ANNUAL REPORT

PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT

OF 1934. [NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996].

For the fiscal year ended December 31, 2020

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934. [NO FEE REQUIRED].

For the transition period from ________________ to ________________

Commission file number 001-33390

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

Third Federal 401(k) Savings Plan

B. Name of the issuer of the securities held pursuant to the plan and the address of its principal executive office:

TFS Financial Corporation

7007 Broadway Avenue

Cleveland, Ohio 44105

TABLE OF CONTENTS
Page
Report of Independent Registered Public Accounting Firm	3
Financial Statements:
Statements of Net Assets Available for Benefits	4
Statements of Changes in Net Assets Available for Benefits	5
Notes to Financial Statements	6
Supplemental Schedule:
Schedule of Assets Held for Investment Purposes at End of Year	14

2

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Plan Administrator and Plan Participants, Board of Directors and Retirement Plan Committee

Third Federal 401(k) Savings Plan

Cleveland, Ohio

Opinion on the Financial Statements

We have audited the accompanying statement of net assets available for benefits of the Third Federal 401(k) Savings Plan (the 'Plan') as of December 31, 2020 and 2019, and the related statements of changes in net assets available for benefits for the years then ended(collectively referred to as the 'financial statements'). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as ofDecember 31, 2020 and 2019, the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ('PCAOB') and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental Schedule of Assets Held for Investment Purposes at End of Year as of December 31, 2020 has been subjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with Department of Labor's (DOL) Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Meaden & Moore, Ltd.

MEADEN & MOORE, LTD.

We have served as the Plan's auditor since 2006.

Cleveland, Ohio

June 8, 2021

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STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
Third Federal
401(k) Savings Plan
December 31,
2020	2019
ASSETS
Investments, at fair value	$	175,704,261	$	151,877,822
Receivables:
Employer contributions	1,737,471	1,674,992
Notes receivable from participants	2,732,102	2,981,376
Total Receivables	4,469,573	4,656,368
Total Assets	180,173,834	156,534,190
LIABILITIES	-	-
Net Assets Available for Benefits	$	180,173,834	$	156,534,190
See accompanying notes.

4

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
Third Federal
401(k) Savings Plan
Year Ended December 31,
2020	2019
Additions to Net Assets Attributed to:
Contributions:
Employer	$	4,106,301	$	3,898,126
Employee	4,715,770	4,384,084
Rollover	602,230	524,542
Total Contributions	9,424,301	8,806,752
Investment Income
Interest and dividend income	2,242,795	2,302,467
Net unrealized/realized appreciation	17,363,799	26,731,710
Total Investment Income	19,606,594	29,034,177
Deductions from Net Assets Attributed to:
Benefits paid to participants	7,549,599	13,270,823
Administrative expenses	340,322	37,176
Total Deductions	7,889,921	13,307,999
Net Increase	21,140,974	24,532,930
Transfer from Third Federal Savings Associate Stock Ownership Plan	2,498,670	2,666,293
Net Assets Available for Benefits:
Beginning of Year	156,534,190	129,334,967
End of Year	$	180,173,834	$	156,534,190

5

NOTES TO FINANCIAL STATEMENTS
Third Federal
401(k) Savings Plan
1	Description of Plan
The following description of the Third Federal 401(k) Savings Plan (Plan) provides only general information. Participants should refer to the Plan Document or Summary Plan Description for a complete description of the Plan's provisions.
General:
The Plan is a profit sharing plan and provides for employee contributions under Section 401(k) of the Internal Revenue Code. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ('ERISA'). A portion of the administrative costs related to the Plan are absorbed by the Company.
The Plan was restated effective January 1, 2013 and amended effective July 22, 2014 to make adjustments in the Plan document as required by the IRS. Effective January 1, 2020, associates can elect to make contributions to the Third Federal 401(k) Savings Plan on a Roth after-tax basis in addition to contributions on a pre-tax basis.
Eligibility:
Employees of Third Federal Savings and Loan Association of Cleveland (Third Federal) with at least one year of eligible service are entitled to participate in the Plan following the completion of the eligibility requirements. A participant is credited with one year of eligible service for each 'computation period' in which he/she completes at least 1,000 hours of service. An employee shall be deemed to meet this requirement on the date he/she first completes 1,000 hours of service in his most recent 12 consecutive months of employment. A participant must also be at least 18 years of age to become eligible for matching contributions (Tier I) and discretionary profit sharing contributions (Tier II) and at least 18 years of age for discretionary contributions (Tier III).
Contributions:
Employee Contributions: The Plan allows participants to contribute up to 75% of their eligible compensation to the Plan, up to the IRS maximum. The Plan allows participants who have attained age 50 by the end of the Plan year to make catch-up contributions in accordance with Code Section 414(v). Participants may also contribute amounts representing distributions from other qualified plans.
Employer Matching Contributions: Third Federal makes a matching contribution (Tier I) equal to 100% of 401(k) deferrals up to the first 4% of compensation deferred.
Employer Discretionary Contributions: Third Federal may make a discretionary profit sharing contribution (Tier II) or a discretionary contribution (Tier III) to eligible participants. There were no Tier II profit sharing contributions made in 2020 or 2019. For 2020 and 2019, Tier III contributions of 2.5% of eligible wages were made.
Contributions are subject to limitations on annual additions and other limitations imposed by the Internal Revenue Code as defined in the Plan agreement.

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1	Description of Plan, Continued
Participants' Accounts:
Each participant's account is credited with the participant's contribution, an allocation of Third Federal's contributions, if eligible, and Plan earnings net of administrative expenses. Allocations are based on participant contributions, participant earnings, or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's account.
Vesting:
Participants are 100% vested in their own contributions and income thereon, at all times. Amounts contributed to a participant's Tier I and Tier II will be immediately 100% vested. Vesting of Tier III contributions is based on years of service in accordance with the table below:
Years of
Service	%
Less than 2	-%
2	25%
3	50%
4	75%
5 or more	100%
Retirement, Death and Disability:
A participant is entitled to 100% of his or her account balance upon normal retirement, death or disability.
Forfeitures:
At December 31, 2020 and 2019, forfeited non-vested accounts totaled $948 and $45, respectively. Forfeitures used to reduce contributions were $25,173 in 2020 and $32,463 in 2019. The Plan also allows forfeitures to be used to pay administrative expenses. For Plan years ended December 31, 2020 and 2019, $2 and $0 of forfeitures were used to pay administrative expenses.
Payment of Benefits:
Upon termination of service, a participant may elect to receive an amount equal to the value of the participant's vested interest in his or her account in a lump-sum amount or transfer the value of the vested interest in his or her account to the trustee or custodian of another qualified retirement plan.

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1	Description of Plan, Continued
Plan Termination:
Although it has not expressed any intent to do so, Third Federal has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA and its related regulations. In the event of Plan termination, participants will become 100% vested in their accounts.
Investment Options:
Upon enrollment in the Plan, a participant may direct employee and employer contributions to any of the investment options offered by the Plan. Participants are allowed to change their investment options once per day.
Investments in TFS Financial Corporation stock, the employer stock of Third Federal Savings, are based upon each employee's investment allocation. Purchases of stock occur when the custodian receives the employee and employer contributions. These purchases are conducted through a broker at the prevailing market price of the stock on the exchange in which these shares trade.
Notes Receivables from Participants:
Participants may borrow from their Tier I fund accounts up to the lesser of $50,000 or 50% of their vested account balance. Loan transactions are treated as a transfer to (from) the investment fund from (to) the Loan Fund. The term of the loan shall not exceed five years unless the loan is for the purchase of a primary residence. The loan must bear interest at a reasonable prevailing rate. Participant loans are categorized as notes receivable from participants. These loans are valued at unpaid principal balance plus any accrued but unpaid interest.
The Plan considers a loan in default when the participant fails to comply with the loan note and security agreement for a period of 90 days. In the event of default, the Plan Administrator may declare the loan payable due in full immediately. At that time, there shall be a 'deemed distribution' from the participant's account in the amount of the outstanding loan balance. Participant loans continue to accrue interest until the loan is settled by repayment or distribution from participant's account, including 'deemed distribution'. There were no participant loans in non-accrual status at December 31, 2020 or 2019.
Transfer from Associate Stock Ownership Plan (ASOP):
Participants in the ASOP who are at least age 55 with at least five years of vested service may elect to transfer all or any portion of their accounts in the ASOP to the Plan under the diversification provision of the ASOP. During 2020 and 2019, participants elected to transfer $2,498,670 and $2,666,293 respectively, from their accounts in the ASOP to their accounts in the Plan.

2	Summary of Significant Accounting Policies
The policies and principles which significantly affect the determination of net assets and results of operations are summarized below.
Accounting Method:
The Plan's financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America.

8

2	Summary of Significant Accounting Policies, Continued
Valuation of Investments and Income Recognition:
The Plan's investments are stated at fair value. Quoted market prices are used to value investments in registered investment companies and TFS Financial Corporation stock. Units of pooled separate accounts are valued by the asset custodian at the daily net asset value, which represents the cumulative market values of the pooled separate accounts' underlying investments. The Third Federal CD Portfolio consists of Certificates of Deposit valued at the original cost plus accrued interest and money market accounts valued at their carrying amount, which approximates fair value.
Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Estimates:
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Plan management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts and disclosures, and actual results could differ from these estimates.
Risks and Uncertainties:
The Plan provides for various investment options including any combination of mutual funds, pooled separate accounts, and other investment securities. The investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investments and the level of uncertainty related to changes in the values of investments, it is at least reasonably possible that changes in the values of investments will occur in the near term and that such changes could materially affect amounts reported in the statements of net assets available for benefits and participants individual account balances.
Payment of Benefits:
Benefits are recorded when paid.
Recent Accounting Pronouncements:
In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this Update add, remove and modify the disclosure requirements on fair value measurements in Topic 820. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of this Update. The Plan adopted the amendments effective January 1, 2020. The Update does not have a material effect on the Plan's financial condition, results of operations, or disclosures.

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3	Investments
The Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $17,363,799 in 2020 and $26,731,710 in 2019. TFS Financial Corporation common stock value depreciated $1,681,528 in 2020 and appreciated $3,990,573 in 2019.
In 2020 and 2019, the Plan's investments earned interest and dividend income of $2,242,795 and $2,302,467, respectively. Of these amounts, $303,451 (2020) and $214,015 (2019) was interest earned on the Third Federal CD portfolio. Dividends earned on TFS Financial Corporation common stock in 2020 and 2019 were $1,185,286 and $1,170,711, respectively.
Fair Value Measurements:
Under generally accepted accounting standards, a framework has been established for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). Valuation techniques maximize the use of relevant observable inputs and minimize the use of unobservable inputs. The three levels of the fair value hierarchy under the framework are described below:
Level 1
Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access at the measurement date.
Level 2
Inputs to the valuation methodology include:
*	Quoted prices for similar assets or liabilities in active markets;
*	Quoted prices for identical or similar assets or liabilities in inactive markets;
*	Inputs other than quoted prices that are observable for the asset or liability;
*	Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.
Level 3
Inputs that are unobservable inputs for the asset or liability.
The investment strategies for the Plan's investments are varied and include long term growth of capital and income, market capitalization, high level of current income consistent with preservation of principal and maintenance of liquidity. They may invest in a broad range of domestic and foreign equities, real estate investments and fixed income funds with the objective of matching or exceeding the total return of certain market indices.

10

3	Investments, Continued
Fair Value Measurements, Continued:
Following is a description of the valuation methodologies used for assets measured at fair value:
Common stock and Registered Investment Companies: Valued using the market approach at the closing price reported on the active market on which the individual securities were traded.
Pooled Separate Accounts:Valued at the net asset value ('NAV') of shares held by the Plan at the year-end.
CD Portfolio:Valued at the original cost plus accrued interest.
There were no changes to the valuation techniques used in fair value measurements at December 31, 2020 or 2019.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

The following table sets forth by level, within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2020 and 2019. Classification within the fair value hierarchy table is based on the lowest level of any input that is significant to the fair value measurement.
Investments at Fair Value as of December 31, 2020
Level 1	Level 2	Level 3	Total
Registered Investment Companies	$	66,093,678	$	-	$	-	$	66,093,678
Common Stocks	19,778,422	-	-	19,778,422
CD Portfolio	-	19,967,620	-	19,967,620
Total Assets in the Fair Value Hierarchy	$	85,872,100	$	19,967,620	-	$	105,839,720
Investments Measured at Net Asset Value	69,864,541
Total Investments at Fair Value	$	85,872,100	$	19,967,620	$	-	$	175,704,261

Investments at Fair Value as of December 31, 2019
Level 1	Level 2	Level 3	Total
Registered Investment Companies	$	55,960,720	$	-	$	-	$	55,960,720
Common Stocks	21,379,405	-	-	21,379,405
CD Portfolio	-	15,289,814	-	15,289,814
Total Assets in the Fair Value Hierarchy	$	77,340,125	$	15,289,814	$	-	$	92,629,939
Investments Measured at Net Asset Value	59,247,883
Total Investments at Fair Value	$	77,340,125	$	15,289,814	$	-	$	151,877,822

11

3	Investments, Continued
Fair Value Measurements, Continued:
The following table summarizes investments for which fair value is measured using the net asset value per share practical expedient as of December 31, 2020 and 2019, respectively. The investment option limits transfer activity. Once the number of allowed transfers is met, participants are not allowed to transfer back into an investment option which they have transferred out of until the holding period lapses (30 or 90 days depending on the investment).
Investments Measured Using the Net Asset Value per Share Practical Expedient as of December 31, 2020
Redemption
Frequency
Fair Value	Unfunded	(if currently	Redemption
(in thousands)	Commitments	eligible)	Notice Period
Pooled Separate Accounts	$	69,864,541	$	-	Daily	30 days
Total	$	69,864,541	$	-

Investments Measured Using the Net Asset Value per Share Practical Expedient as of December 31, 2019
Redemption
Frequency
Fair Value	Unfunded	(if currently	Redemption
(in thousands)	Commitments	eligible)	Notice Period
Pooled Separate Accounts	$	59,247,883	$	-	Daily	30 days
Total	$	59,247,883	$	-
If the Plan were to initiate a full redemption of the pooled separate account, the investment adviser reserves the right to temporarily delay disbursements from the trust in order to ensure that securities liquidations will be carried out in an orderly business manner.

4	Concentration of Investments
Included in investments are shares of TFS Financial Corporation common stock amounting to $19,778,422 (2020) and $21,379,405 (2019). This represents 11% and 14% of total investments as of that date for the years 2020 and 2019, respectively. A significant decline in the market value of TFS Financial Corporation's stock would significantly affect the net assets available for benefits.
5	Tax Status
The Internal Revenue Service has determined and informed Third Federal, by letter dated October 21, 2014, that the restated Plan is designed in accordance with applicable sections of the Internal Revenue Code (IRC). Recent plan amendments were not included in the 2014 favorable determination. However, the Plan administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC and that, the Plan continues to qualify under the IRC and the related trust continues to be tax-exempt as of December 31, 2020. Accordingly, the accompanying financial statements do not include a provision for federal income taxes.

12

5	Tax Status, Continued
Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken uncertain tax positions that more-likely-than-not would not be sustained upon examination by applicable taxing authorities. The Plan administrator has analyzed tax positions taken by the Plan and has concluded that, as of December 31, 2020, there are no uncertain tax positions taken, or expected to be taken, that would require recognition of a liability or that would require disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions.
6	Party-in-Interest Transactions
Parties-in-interest are defined under Department of Labor Regulations as any fiduciary of the Plan, any party rendering service to the Plan, the employer and certain others. During 2020 and 2019, the Plan paid professional fees totaling $104,158 and $37,176, respectively, for the administration of the Plan. Certain Plan expenses relate to investments managed by Principal Financial Group, the Trustee as defined by the Plan, and therefore, these transactions qualify as party-in-interest.
Certain Plan investments consist of shares of TFS Financial Corporation. Third Federal is the Plan sponsor, and TFS Financial Corporation is the parent company of the Plan sponsor. Certain Plan investments also consist of balances in Third Federal CD, which is managed by Third Federal. Therefore, these related transactions qualify as party-in-interest transactions.
7	Subsequent Events
Management evaluates events occurring through the date the financial statements are issued in determining the accounting for and disclosure of transactions and events that affect the financial statements.
The Board of Directors approved a dividend of $0.28 per share to stockholders of TFS Financial Corporation stock on February 25, 2021, payable on March 23, 2021 to shareholders of record as of March 9, 2021. On May 27, 2021, the Board of Directors approved another dividend of $0.28 per share to stockholders of record on June 8, 2021 to be paid on June 22, 2021.

13

SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR
Form 5500, Schedule H, Part IV, Line 4i
Third Federal
401(k) Savings Plan
EIN 34-0573493
Plan Number 002
December 31, 2020
(b)	( c )
Identity of Issue,	Description of Investment Including	(e)
Borrower, Lessor,	Maturity Date, Rate of Interest,	(d)	Current
(a)	or Similar Party	Collateral, Par or Maturity Value	Cost	Value
*	Third Federal S&L	Third Federal S&L Certificate of Deposit Portfolio, due 2/21 - 11/25, 0.399% - 3.113%	N/R	$	19,967,620
*	Principal Life Insurance Company	Principal Core Plus Bond Separate Account	N/R	6,152,313
*	Principal Life Insurance Company	Principal LifeTime Strategic Income Separate Account	N/R	175,821
*	Principal Life Insurance Company	Principal LifeTime 2010 Separate Account	N/R	231,851
*	Principal Life Insurance Company	Principal LifeTime 2015 Separate Account	N/R	1,130,463
*	Principal Life Insurance Company	Principal LifeTime 2020 Separate Account	N/R	2,037,302
*	Principal Life Insurance Company	Principal LifeTime 2025 Separate Account	N/R	4,306,959
*	Principal Life Insurance Company	Principal LifeTime 2030 Separate Account	N/R	5,412,075
*	Principal Life Insurance Company	Principal LifeTime 2035 Separate Account	N/R	3,535,617
*	Principal Life Insurance Company	Principal LifeTime 2040 Separate Account	N/R	2,887,047
*	Principal Life Insurance Company	Principal LifeTime 2045 Separate Account	N/R	2,519,983
*	Principal Life Insurance Company	Principal LifeTime 2050 Separate Account	N/R	1,786,515
*	Principal Life Insurance Company	Principal LifeTime 2055 Separate Account	N/R	1,103,592
*	Principal Life Insurance Company	Principal LifeTime 2060 Separate Account	N/R	367,005
*	Principal Life Insurance Company	Principal LifeTime 2065 Separate Account	N/R	35,143
*	Principal Life Insurance Company	Principal Small-Cap Growth I Separate Account	N/R	5,965,607
*	Principal Life Insurance Company	Principal Small Cap Separate Account	N/R	4,615,329
*	Principal Life Insurance Company	Principal Mid Cap Separate Account	N/R	11,127,304
*	Principal Life Insurance Company	Principal Large Cap Value III Separate Account	N/R	7,238,543
*	Principal Life Insurance Company	Principal Large Cap S&P 500 Index Separate Account	N/R	6,146,042
*	Principal Life Insurance Company	Principal Liquid Assets Separate Account-Z	N/R	3,090,030
Putnam Investments	Putnam International Equity Y Fund	N/R	4,140,619
The American Funds	American Balanced R4 Fund	N/R	17,378,195
The American Funds	Fundamental Investment R4 Fund	N/R	12,914,666
The American Funds	Growth Fund of America R4 Fund	N/R	22,230,621
The American Funds	Europacific Growth R5 Fund	N/R	6,874,148
Vanguard	Vanguard Select Value Investment Fund	N/R	780,769
Goldman Sachs	Goldman Sachs Bond Inst Fund	N/R	1,774,660
*	TFS Financial Corporation	Common Stock	N/R	19,778,422
$	175,704,261
*	Participant Notes Receivable	Interest rates ranging from 4.25% to 6.50%	$	-	2,732,102
$	178,436,363
N/R	Participant directed investment, cost not required to be reported.
*	Party-in-Interest to the Plan

14

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
Third Federal Savings 401(k)
Savings Plan
June 8, 2021	/s/ Cathy Zbanek
Chief Synergy Officer
June 8, 2021	/s/ Nancy Cox
Manager, Human Resources

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