It can be difficult for your workers to judge how much they’ve saved for retirement. They may think they have plenty, but how long will their savings last?
It can be difficult for your workers to judge how much they’ve saved for retirement. They may think they have plenty, but how long will their savings last?
April 8-19 we’re holding a CRSP 403(b) Spring Enrollment campaign to:
Encourage workers who are saving to consider increasing their contributions to be better prepared for retirement. The suggested savings rate will be based on their estimated current contribution rate.
Encourage workers* not currently saving to start! We’ll highlight the importance of personal retirement savings to complement their pension benefits.
Take advantage of free, one-on-one sessions with Financial Educators to talk about retirement planning.
If you are not currently offering the CRSP to your workers, now is a great time to enroll! Contact your Account Manager to learn more about the benefits of offering the CRSP to your workers!
*Workers at ministries not offering the CRSP will be excluded.
Webinar: Preparing employers for CRSP 403(b) Spring Enrollment
Before the Concordia Retirement Savings Plan (CRSP) 403(b) Spring Enrollment campaign kicks off, we’re holding a webinar for employers to share information and resources.
The webinar on March 26 at 1 p.m. CT includes:
Key information about the CRSP 403(b).
An overview of CRSP 403(b) Spring Enrollment, including a timeline and samples of worker communications.
A review of your responsibilities as an employer.
Dedicated time to provide answers to your questions.
Your ministry deserves personalized attention, and your Account Manager is dedicated to helping you find the right benefit solutions for your workers and properly administer your benefits.
We’ve created a new way for you to know and easily connect with your Account Manager. Visit ConcordiaPlans.org/MinistryEngagement and click on your district to learn more about your Account Manager. (Or, click on the "Contact my Account Manager" button within the Employer navigation bar on our website.) You can even send an email directly to them or set up a meeting using their Calendly link. We hope you find this tool valuable!
Knowledge is power, but it’s much more powerful when it’s shared!
Help grow God’s ministries by telling your lay leaders about Shareboard, a free, online LCMS community where ministry lay leaders can connect and learn, as well as share information, best practices and experiences, to help support one another nationwide.
Right now, lay leaders are discussing topics such as:
Defining duties of a congregational treasurer.
Building safety and security policies and practices.
Seeking volunteers.
Raising awareness of your church.
Finding the best church management software.
Imagine the insight your leaders’ knowledge and experience can bring to these discussions!
Coming soon: the CPS Speakers Bureau
Your go-to for professional speakers on topics that matter to your ministries!
Budgeting. Debt management. Insurance coverage. No matter what area of financial planning your workers need to work on, BeFine™ can help!
A digital tool (app and website) created specifically for LCMS church workers, BeFine helps them understand their current financial situations so they can better reach their goals.
Why BeFine?
It provides step-by-step guidance to help workers reach financial goals.
It’s pre-populated with your workers’ Concordia Plans benefits.
It’s free to your active workers enrolled in the Concordia Retirement Plan pension (no annoying advertisements).
You can help your workers prepare for the present while being proactive about their futures by encouraging them to use BeFine. They’ll improve their financial well-being and learn more about the benefits you are providing – it’s a win-win!
The “Financial Wellness Corner” is a new feature in our newsletter designed to share valuable tips, showcase resources and offer insights on financial education. Our goal is to provide you with tools and knowledge that will help you support your workers on their financial wellness journey.
Did you know that your workers have free access to a team of Financial Educators at Concordia Plans? Here’s something you can cut and paste to share with your workers in a newsletter or email to let them know about this valuable resource! Make sure to insert your ministry’s name and include the link to the resource!
Did you know?When you’re enrolled in Concordia Plans you have free access to a team of Financial Educators who can discuss personal finance topics, explain your retirement benefits, and share tools and resources with you to assist you with financial wellness. [Name of ministry] and Concordia Plans want YOU to be well, so we encourage you to learn more here! Contact a Financial Educator at [email protected].
Tax Resources for your workers
Tax time can be complicated for everyone, but especially for ministers of religion and other called workers. Because we care about your workers and their financial well-being, we’ve created a webpage with valuable resources to help them prepare for tax time. We encourage you to share these tax resources with your workers.
No matter what your workers’ financial concerns are, we’ve got the tools to help! We will send workers an email with information on the financial wellness resources available to them.
Outreach from Quantum and Teladoc
Remind your workers to register for Quantum and Teladoc now so they have what they need, when they need it.
