A group of Bible students sit talking and reading Bible

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.

We partnered with the Diocese of Nashville to increase participation and savings rates

Hands holding rosary beads

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.

We are the recordkeeper for more than 500 faith-based churches and religion-affiliated organizations1

Contact Empower to learn how we can help your employees

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

1 Empower data as of April 1, 2022. Information refers to all participants in faith-based plans administered by Empower.

2 Empower data as of 7/1/22 shows 731 of 868 targeted employees started saving more with the plan-initiated auto-increase. 

3 Data provided is for illustrative purposes only and not a guarantee of future results. Results provided are based on The Diocese of Nashville plan data. 

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

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Carefully consider the investment option’s objectives, risks, fees and expenses. Contact Empower for a prospectus, summary prospectus for SEC-registered products or disclosure document for unregistered products, if available, containing this information. Read each carefully before investing.

Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA/SIPC. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice.  

IMPORTANT: The projections, or other information generated on the website by the investment analysis tool regarding the likelihood of various investment outcomes, are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. The results may vary with each use and over time.

Investing involves risk, including possible loss of principal.

Insurance products are issues by or offered through Empower Annuity Insurance Company of America, Corporate Headquarters: Greenwood Village, CO; or in New York, by Empower Life & Annuity Insurance Company of New York, Home Office: New York, NY. 

The managed account service is part of the Empower Advisory Services suite of services offered by Empower Advisory Group, LLC, a registered investment adviser.

The Empower Institute is a research group within Empower.

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All features may not currently be available and are subject to change without notice. ©2022 Empower Retirement, LLC. All rights reserved.

Unless otherwise noted: Not a Deposit | Not FDIC Insured | Not Bank Guaranteed | Funds May Lose Value | Not Insured by Any Federal Government Agency.