403(b) for nonprofit organizations
Because congregations are tax-exempt, you can offer a 403(b) retirement plan to your employees.
Everence has two options available:
- Employee-only contributions - If you wish to offer a salary reduction plan for employees with no employer contributions, we can establish a relatively simple plan with employee contributions going directly to mutual funds.
- Employee and employer contributions - If you wish to contribute to your employees’ retirement plan, Everence partners with The Standard to offer a retirement savings plan that is similar to the 401(k).