Employer-Sponsored Retirement & Savings
Simple, worry-free retirement savings options for employers and benefit managers.
Recent trends suggest 60% of non-retirees have little or no comfort in managing their investments.* Pension Fund invests on our members’ behalf and provides the expertise, resources, and support necessary to protect them physically, spiritually, and financially. With over 14,000 members and more than $3.9 billion in assets, rest assured we’ll not only manage but securely grow your employees’ retirement savings.
94%
Employer Satisfaction Rating**
Why Choose Pension Fund?
Experience the Pension Fund difference:
- Personalized service via dedicated Area Directors.
- Variety of complementary products for flexibility in benefits packages.
- No fees charged for management or net returns.
- Competitive base interest rates.
- Additional interest and credit earnings (awarded to all members) when excess reserves exist.
Benefit from being part of a "Church Plan":
- Nonprofit financial ministry with a calling to serve you (not our own pockets).
- Time and cost savings by being ERISA-exempt.
- Values-driven approach to investing that informs investment policy and guidelines.
- Partnership with the Interfaith Center on Corporate Responsibility (ICCR) to ensure socially responsible investing.
- Plans enable ministers to take advantage of housing allowance in retirement.
Help your employees achieve long-term financial wellness:
- Free financial consulting, tools, and education courses (via “Your Money Line”) are available to all members.
- Death, disability, spouse, and dependent benefits are available for Pension Plan participants.
- Security in knowing that for 130 years, none of our participants has ever experienced a reduction in pension or loss in retirement accounts due to poor market performance.
- A conservative investment approach and consistent funding levels enable us to remain strong even in times of economic uncertainty.
Discover why our investment strategy means better benefits.
Learn MoreExplore Our Employer-Sponsored Products
Pension Plan
The Pension Plan is a defined benefit plan that provides a monthly payment for life for a member (and spouse/qualified domestic partner). This product also offers the security of built-in death and disability benefits in the event a worst-case scenario becomes reality. Total dues are 14% of gross salary, which is used to provide two types of benefits:
- An annual pension paid monthly in retirement (11%)
- Death & disability coverage prior to reaching retirement (3%)
Dues can be split between you and your employer, or your employer may opt to fund the entire 14%. Retired ministers may also declare housing allowance on their monthly pension distribution in retirement.
Tax-Deferred Retirement Account 403(b)/Roth 403(b)
The Tax-Deferred Retirement Account 403(b)/Roth 403(b) (TDRA 403(b)/Roth 403(b)), is a defined contribution employer-sponsored retirement savings plan that allows eligible employees to set aside a portion of their compensation on a pre-tax basis and/or on a Roth (after-tax) basis to save for retirement. Employers may make contributions to the pre-tax TDRA 403(b) as a benefit for the employee. By contributing to a 403(b), participants are able choose a savings strategy that fits their plans for retirement based on how they want to be taxed.
457(b)
The 457(b) Plan is a deferred compensation retirement plan for members who want to make additional retirement plan contributions in addition to a TDRA 403(b) plan and/or Pension Plan, deferring compensation and decreasing tax liability.
The 457(b) Plan is offered to the following eligible employers: college, universities, seminaries, benevolent care centers, and non-steeples. Employees: Check with your employer to see if the 457(b) Plan is available to you.
What Our Employers Are Saying
What to Expect:
We understand the value of providing quality retirement programs tailored to individual organizations and their specific needs, and we are committed to partnering with you both now and throughout retirement.
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First, you will meet with your Client Relations team member to discuss your budget and employee needs.
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The next step to getting started is to work with your Client Relations team member to set up your Participation Agreement. A Participation Agreement is a formal document that confirms an employer’s decision to offer retirement benefits through the Pension Fund. It outlines which plans are being adopted (such as the Pension Plan or Tax-Deferred Retirement Account 403(b)/Roth 403(b)), identifies eligible employees, employer/employee contribution requirements, and sets the start date for benefits.
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Once you have a completed Participation Agreement, you have the option to have your Client Relations team member conduct a virtual or in-person presentation going over the new benefits offered. They will be able to guide your employees through the enrollment process and inform them of our other member benefits, such as our free financial coaching resource, Your Money Line.
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We will work with you to collect enrollments from eligible employees. This can be an initial onboarding as well as a rolling enrollment period as new employees become eligible. We have both online and paper enrollment available. Your Client Relations team member will work with you on the best enrollment method.Ste
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As part of the enrollment process, we will work with you to determine how you would like to fund the initial enrollments, as well as ongoing funding contributions.
To learn more about our funding options, please refer to this helpful guide.
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Your Client Relations team member is your main point of contact. You will work with them on your ongoing account needs as well as notify them of any new employees.
*Source: US Federal Reserve, Report on the Economic Well-Being of U.S. Households in 2018, May 2019. View source website here.
**Based on responses of employers who answer satisfied or very satisfied on Pension Fund's 2022 Annual Employer Satisfaction Survey.