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Faith-based

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.
Hands holding rosary beads

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.