The Retirement Savings Plan of the Presbyterian Church (U.S.A.) (RSP) is a
403(b)(9) plan administered by Fidelity Investments. Low annual fees coupled with institutional pricing of the investment options make saving on a tax-advantaged basis through the RSP an easy way to improve financial readiness for retirement.
The RSP is a convenient, easy way for employees to build savings for a more secure future. Features of the plan include the following:
All employees are eligible to participate in the RSP if their employer offers the plan to them. Ministers in Pastor's Participation, a comprehensive benefits package designed to meet the needs of ministers and their families, must be enrolled in the RSP.
You may contribute to your RSP account through convenient payroll deductions on a pretax basis, and also on a Roth after-tax basis.
You may contribute up to the annual limits determined by the IRS. You are immediately 100 percent vested in all employer and employee contributions made to your account.
Twelve investment options span the risk spectrum, including socially responsible options and a fossil fuel-free global fund, with an additional 13 target date funds. You may invest in any of the available funds in one percent increments. You also can change your investment elections for your future contributions and/or existing account balances at any time.
Fidelity deducts a quarterly fee of $3.75 from each RSP participant's account. This fee is used to help offset administrative expenses.