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Faith-based

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Empower serves more than 500 churches and religion-affiliated organizations1

Our experience in this market allows us to meet the challenges specific to your organization's needs.

We offer:

Expertise in handling qualified church-controlled (QCCO) and nonqualified church-controlled organizations (non-QCCO).

Support for both ERISA and non-ERISA plan designs.



 

Proven aggregation services across legacy providers.



 

A dedicated faith-based service team.




 

Strategy

  1. Re-enroll anyone not currently saving at 3%.
  2. Add an auto increase feature to existing auto-enroll process to boost savings rates by 1% annually (up to 10%).
  3. Roll out new plan sponsor-directed increase of 1% each year for those saving under 10%.

Results2,3

  1. Increased plan participation from 88% to 93%.
  2. Raised the average savings rate from 8% to 8.6%.
  3. Systematically helping 731 participants save more toward their retirement goals.
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1 Empower data as of April 1, 2022. Information refers to all participants in faith-based plans administered by Empower.

By accessing this content, you are certifying you are a plan sponsor or financial professional.

“EMPOWER” and all associated logos, and product names are trademarks of Empower Annuity Insurance Company of America. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. ©2023 Empower Annuity Insurance Company of America. All rights reserved.