When you offer the Retirement Savings Plan to your employees, your time spent administering the plan is minimal.
The Retirement Savings Plan of the Presbyterian Church (U.S.A.) is a turnkey plan for employers. The Board of Pensions assumes the fiduciary responsibility for and handles most of the administration for you; Fidelity Investments provides record keeping and reporting. When you offer the plan to your employees, your time spent administering it is minimal.
The Board of Pensions' in-house Investments team, in partnership with Fidelity Investments, provides investment management and oversight for the Retirement Savings Plan's investment performance, fund selection, and fee and service negotiations. This highly experienced team oversees more than $9 billion of investments that support benefits plans and programs, including a defined benefit pension plan.
The Investments team selects funds with competitive fees and proven performance records. The Investment Committee of the Board of Directors of the Board of Pensions reviews the administrative fees and services, funds, and fund expense ratios, resulting in a low-cost overall participant experience.
We ensure the Retirement Savings Plan works for you and your employees by offering employers complete flexibility in determining
You make these key decisions based on what's best for your organization.
Dedicated customer service teams at both the Board of Pensions and Fidelity are easily accessible to employers and plan participants, and specially trained in church plans to understand your unique needs.
The Board of Pensions provides Retirement Savings Plan-specific communications for employers and employees. Additionally, Fidelity provides powerful online tools and award-winning communications and education.