What is a 403(b)(9)?
Great Question! These are retirement plans are defined contribution plans designed for the specific needs of churches or those with 501(c)(3) church or non-profit status.
403(b)(9) plans allow:
1. Employee Contributions (i.e. Deferrals)
2. Employer Contributions / (e.g. "Match" or Discretionary)
3. Potential for tax-free growth
These plans are similar to 401(k) plans because:
1. Participants chose deferral amounts
2. Participant selects investments (from menu)
3. Fully portable up separation from service or retirement age
Fees:
Annual Administrative Fee - $600*
Annual Per Participant Fee - $40**
Investment Advisior Fees - 0.80%
*one time, $900 setup fee.
**other transaction-based participant fees may apply
Thanks for making it this far! This resource page dives deeper into specifics regarding the Church of Christ 403(b)(9) Plan. Click on the resources below for more information.
Resources:
Informative PowerPoint
FAQs
Watch a video interview featuring
Dudley Chancey and Andrew Cooper using the button below.
Why offer a 403(b)(9)?
TVM Assumptions:
PENSERVE provides a relationship team to serve your administrative needs.
The Relationship Team Breakdown:
How does PENSERVE serve you?
There are two ways you can connect with service teams.
Dedicated Customer Service Representatives
Voice Response Unit
Proverbs 21:5
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