403(b) Retirement Plan – Wipfli Hewins

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Retirement Resource Center

Orthodox Presbyterian Church (OPC) 403(b) Retirement Plan

Enrolled? Ready to Enroll?

Need help? Portal Guide

Welcome!

Whether you’re ready to enroll or a seasoned contributor, this resource center is your go-to hub for important features, benefits and updates related to your Orthodox Presbyterian Church (OPC) 403(b) Retirement Plan.

Set Up Employer Contributions

Click the button below, please fill out the following employer contributions paperwork and then send it to the Committee on Ministerial Care (see below).

▾ Employer Contributions

Fill out this form to notify our team that you’re interested in joining the retirement plan and provide us with your contact information, which we’ll use to set up your online account. Note that this process only sets you up within our system; you will also need to login to your account and make beneficiary and investment elections.
ACH Authorization for Employer/403(b) Contributions
This form confirms how much and when contributions from your local church (employer) should be remitted to the retirement plan, through the Willow Grove office. These contributions take place via ACH, and this form requests important banking details for making these transactions.
Plan Participation Agreement
Each local church who has a pastor or employee contributing to the retirement plan must sign a Participating Employer Agreement, which confirms that the local church has agreed to follow the rules of the plan set up by the OPC. A copy of the Summary Plan Document (rules of the retirement plan) is included below, under “Standard Plan Documents.”
Group Life Insurance Form
Historically, OPC has offered $20,000 of group life insurance within the retirement plan. Each participant who elects this coverage pays ~$130 per year in premium, which is considered taxable, and appropriate tax forms are issued each year. This set-up will be reviewed in 2017; however, this remains an option under the current plan for the time being, and the form allows new participants to sign up for group coverage should they desire to do so.

Set Up Participant Contributions

Click the button below to access important resources and paperwork related to your retirement plan, and send it to the Committee on Ministerial Care:

▾ Employee Contributions

Fill out this form to notify our team that you’re interested in joining the retirement plan and provide us with your contact information, which we’ll use to set up your online account. Note that this process only sets you up within our system; you will also need to login to your account and make beneficiary and investment elections.
Please use this form to elect how much of your salary you would like to defer into your retirement plan.
ACH Authorization for Employee/403(b) Contributions
This form confirms how much and when contributions withheld from your paycheck should be remitted to the retirement plan by your church (employer), through the Willow Grove office. These contributions take place via ACH, and this form requests important banking details for making these transactions. Please note this form does not setup the withholding on your paycheck, this needs to be handled by your church treasurer.
Key Factors to Consider for Employee Contributions
Use this “cheat sheet” to learn the five important factors you must consider when setting up contributions to your retirement plan.
Plan Participation Agreement
Each local church who has a pastor or employee contributing to the retirement plan must sign a Participating Employer Agreement, which confirms that the local church has agreed to follow the rules of the plan set up by the OPC. A copy of the Summary Plan Document (rules of the retirement plan) is included below, under “Standard Plan Documents.”
Group Life Insurance Form
Historically, OPC has offered $20,000 of group life insurance within the retirement plan. Each participant who elects this coverage pays ~$130 per year in premium, which is considered taxable, and appropriate tax forms are issued each year. This set-up will be reviewed in 2017; however, this remains an option under the current plan for the time being, and the form allows new participants to sign up for group coverage should they desire to do so.

Please send all scanned paperwork to:

retirement@opc.org

OR , paper submissions to:
Committee on Ministerial Care
Attn. Mark Stumpff
607 Easton Rd, Bldg E
Willow Grove, PA 19090-2539
OPC 403(b) Enrollment Presentation

Watch the video to learn more about important plan details and features.

OPC 403(b) Investment Selections

Watch the video to learn more about your investment options in the OPC Retirement Plan and how you can make updates to your investment selection.

Contributions, Distributions & Rollovers
OPC Housing Allowance

The Committee on Ministerial Care has designated the housing allowance for the 403(b) Retirement Plan be set at $1,750 per month (or $21,000 annually) for the calendar year 2018 and beyond. The housing allowance designation applies to the 403(b) Retirement Plan distributions for any ordained retired recipient, provided that such housing allowance is not to exceed the actual expenditures for housing, utilities, maintenance, repairs and other expenses related to providing a house.

The 2017 housing allowance was $1,700 per month (or $20,400 annually).

Alert: Important Plan Updates

A new document, “Understanding Your Retirement Plan Fees“, has been uploaded to the “Investment Reports” section of the page.

Have Questions?

Want more information about making or changing contributions to your plan? Email Mark Stumpff and Dave Haney.

Have questions about quarterly statements, plan distributions or other plan administrative items? Email Deb Teske or call her at 920-662-2867

For any other questions about your plan, please contact Benjamin Hayes or Dan Holdridge using the form below.

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