Retired ministers receive distributions as “eligible” for housing allowance from our 403(b)(9) retirement plan. Our board of directors issues an annual resolution authorizing housing allowance for retired ministers. The same housing allowance limits apply before and...
Ordained ministers have a unique dual tax status. They are W-2 employees of a church or organization. Simultaneously, they are self-employed for Social Security tax purposes. In addition, ministers are able to exclude their housing allowance from federal and state...
We offer a 403(b)(9) retirement plan. Typically, a 401(k) is used in the for profit world, while a 403(b) is used in the non-profit world. Our retirement plan is a 403(b)(9) with special features for denominations and churches. One of the key features is housing...
There are two ways to save, each with its own tax advantages. · With traditional 403(b) contributions, you save with pre-tax dollars, which reduces your taxable income and your current tax obligation. You pay no income tax on your savings or investment returns...
There are three different ways to invest with Geneva. You may select from Target Funds, Core Funds, and a Self-Directed Brokerage Account. When you initially enroll, you will be invested in an age-appropriate Target Fund. Target Funds are single funds comprised of...
Geneva works hard to craft an investment portfolio that reflects our Christian convictions and gospel values. As often as feasible, we direct our fund managers to invest in companies that promote human flourishing, protect and nurture God’s good creation, and seek the...
All ministers, missionaries, school personnel and lay church employees who receive W-2 taxable income from a PCA church or pre-approved church related organization are eligible to participate in the plan. To receive enrollment instructions fill out a request for...
Nothing. Geneva knows the complexities associated with planning for retirement. Meeting with one of our Retirement Readiness Planners to discuss your unique situation has no additional cost to you or your church/organization. Set up a meeting today.
You can access your retirement plan with Geneva through Fidelity's NetBenefits platform online or through the NetBenefits app. For assistance logging in to your account, please call Fidelity at 800.343.0860. Fidelity representatives are available M-F 8:30 am to...