Sorry, you need to enable JavaScript to visit this website.

Faith-based

People gathered on a couch laughing

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.

Not-for-profit-overview
Healthcare
Higher education
Faith-based
K-12+

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.

  ("Site") has entered into an advertising campaign with Empower Personal Wealth, LLC ('EPW"), through which Site is paid up to $250 for each individual lead. The Site, due to such compensation, has an incentive to recommend EPW, resulting in a material conflict of interest. Individuals who are referred to EPW are not obligated to subscribe for investment advisory services provided by Empower Advisory Group, LLC ("EAG"). Those individuals who do subscribe for EAG's investment advisory services will not pay increased management fees or any other fees to Site, EPW, or EAG as a result of this campaign. Site financially benefits from referring individuals to EPW. Site is not affiliated with EPW or EAG.

Advisory services are provided for a fee by Empower Advisory Group, LLC (“EAG”). EAG is a registered investment adviser with the Securities and Exchange Commission (“SEC”) and subsidiary of Empower Annuity Insurance Company of America. Registration does not imply a certain level of skill or training. Investing involves risk. Past performance is not indicative of future returns. You may lose money. All visuals are illustrative only. Actors are not EAG clients.

“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. ©  Empower Annuity Insurance Company of America. All rights reserved.