Retirement Savings Plan

The Retirement Savings Plan of the Presbyterian Church (U.S.A.), a 403(b)(9) plan, can help members build savings and achieve long-term retirement goals. The Board of Pensions partners with Fidelity Investments, a leading retirement plan provider, to offer a superior savings product that is on par with national retirement vehicles.

When you offer the Retirement Savings Plan to your employees, you provide them with a savings tool — with both tax-deferred and Roth after-tax contribution features — that can help them live with greater financial security in retirement.

Here's why the Retirement Savings Plan is the right choice for both you and your employees.


For employers

Fiduciary risk management

The Board of Pensions brings to its fiduciary role the expertise of its in-house Investments team. This team is responsible for oversight of more than $9 billion of investments that support benefits plans and programs, including a defined benefit pension plan.

Turnkey design

When you offer the Retirement Savings Plan, the Board of Pensions takes on most of the administration of the plan for you — including plan design, fund selection, fee negotiation, and investment management oversight. Once you decide to offer the Retirement Savings Plan, our turnkey design means that your time spent administering the plan is minimal.

Expertly curated portfolio

The Board of Pensions' highly skilled in-house Investments team is responsible for the oversight of the Retirement Savings Plan in partnership with Fidelity. They select funds

  • from institutional class pricing to ensure competitive fees;
  • that span investment styles and the risk spectrum;
  • with proven performance track records to offer long-term advantages to participants.

Key decisions in your hands

We ensure the Retirement Savings Plan works for you and your employees by offering you complete flexibility in determining

  • employee eligibility;
  • employer contributions; and
  • employer match structures.

You make key decisions based on what's best for your organization.

Exceptional customer commitment and service

Dedicated customer service teams at both the Board of Pensions and Fidelity are specially trained in church plans so they can meet your unique needs and understand your organization's culture.

Compliance services

The Board of Pensions provides required regulatory notices and Fidelity conducts annual 415C and 402g nondiscrimination testing, if needed, for a fee.

For your employees

Investment fund options 

The Retirement Savings Plan offers a variety of fund options so participants can comfortably invest in a way that best meets their specific goals. Investment offerings include the following:

  • 12 options that span the risk spectrum
  • socially responsible options
  • fossil fuel-free global fund
  • target date funds that invest based on the participant's anticipated year of retirement

Key features

The Retirement Savings Plan offers a comprehensive range of features, including the following:

  • choice of pre-tax and/or Roth after-tax contributions
  • immediate, 100 percent vesting of employee contributions
  • professional investment management and support from Fidelity through a fee-based managed accounts feature
  • brokerage window access to thousands of mutual funds outside of the Retirement Savings Plan (retail pricing may apply)
  • loans and hardship withdrawals

Low participant fees

The Retirement Savings Plan provides an outstanding value to employees. Participants pay a quarterly administrative fee of $3.75, deducted from their accounts. This amount is much lower than the national average.

Expert education and advice

Fidelity representatives are available to provide participants with one-on-one education and advice over the phone as well as in person. These representatives are specially trained in church plans to best understand the unique needs of Retirement Savings Plan employers and participants.

Interested in offering the Retirement Savings Plan? Here's what to do next.

For current employers

If you currently offer benefits through the Benefits Plan of the Presbyterian Church (U.S.A.), you may elect this benefit at any time. Call the Board of Pensions at 800-773-7752 (800-PRESPLAN) to learn more. 

For new employers

If you do not currently offer benefits through the Benefits Plan and would like to learn more about its features and how the Board of Pensions serves employers, call our Employer Services team at 800-773-7752 (800-PRESPLAN) to discuss how we can best meet your and your employees' needs.

About Fidelity Investments

Fidelity Investments is a leading retirement plan provider. With assets under administration of $7.3 trillion, Fidelity focuses on meeting the unique needs of a diverse set of customers, including helping more than 30 million people invest their own life savings and 22,000 businesses manage employee benefit programs.