The EPC offers a 403(b)(9) Defined Contribution Retirement Plan to eligible employees and ministers. Similar to a 401(k), a 403(b)(9) provides for individual participant investment accounts that can be used to invest funds on a tax-deferred basis to be withdrawn during retirement.
Based on the Terms of Call for an EPC-ordained pastor, salary plus housing allowance is multiplied by no less than 10 percent, and that amount is contributed to a retirement account on their behalf. The Adoption Agreement helps the church determine how to manage its ordained pastor’s retirement plan, either with monthly or quarterly contributions. The EPC 403(b)(9) retirement plan is preferable; however, churches may choose another investment option. Completed Adoption Agreements should be sent by mail, fax, or email to:
EPC Benefit Resources, Inc.
5850 T.G. Lee Blvd., Suite 510
Orlando, FL 32822
A unique feature of a 403(b)(9) is that ordained ministers may allocate a portion of their retirement withdrawals to tax-exempt housing allowance, subject to IRS limits. When requesting your retirement withdrawal, please indicate to Fidelity you are a pastor.
A number of enhancements to the EPC Retirement Plan became effective on July 3, 2017. Click here to download the 2017 Retirement Plan Enhancements Summary. No action is required unless you, as a Retirement Plan participant, wish to make changes to your investment elections. Click here to download an FAQ document about the Retirement Plan enhancements.
RETIREMENT PLAN DOCUMENTS
FIDELITY INVESTMENTS OPTIONS
Visit www.netbenefits.com/EPC for more information on retirement and the Fidelity investment options available (to view the investment options, click on “Plan and Investments” and then “Investment Options”). Target Retirement Date funds and Core Funds that are available in the EPC Plan, along with their performances, are listed.
If you prefer a hard copy, click here for a printable, 18-page booklet in pdf format. Or you also can speak with a Fidelity representative by calling Fidelity directly at (800) 343-0860.
INVESTMENT POLICY STATEMENT
Click here to download an outline of general investment policies as adopted by the Board of Benefits, effective January 2017. This document provides guidance to the investment advisory firm in determining and implementing investment decisions.
DEFINED RETIREMENT CONTRIBUTION PLAN
Click here to download the terms and conditions that apply with respect to assets held in the Code Section 403(b)(9) retirement income account program.
RETIREMENT PLAN FORMS
ADDRESS AND/OR CONTACT INFORMATION UPDATE FORM
Click here to download the form required to make any changes to your address or other contact information that we have on file.
403(b)(9) CHURCH RETIREMENT CONTRIBUTION FORM
Click here to download the Retirement Plan Contribution Form in Excel spreadsheet format. Please note that we do not invoice for retirement contributions.
EPC ADOPTION AGREEMENT
Click here to download the 403(b)(9) Adoption Agreement Form. All EPC churches are required to complete this document.
FIDELITY 403(b)(9) ACCOUNT APPLICATION AND BENEFICIARY FORM
Click here to complete your application online. Once you’ve completed your enrollment, print your confirmation page and submit this to your church administrator. Church Administrators: please contact Rebeca Santana at email@example.com when you have completed this process.
Click here to download the Fidelity 403(b)(9) Retirement Account Application Form. A complete form is required to open a new account. Note that this form is not a fillable pdf; it will need to be printed and filled out by hand and sent to EPC Benefit Resources, Inc., at firstname.lastname@example.org or fax to 407-930-4492.
FIDELITY 403(b)(9) BENEFICIARY DESIGNATION FORM
Click here to download the Fidelity 403(b)(9) Retirement Account Beneficiary Designation Form. Note that this form is not a fillable pdf; it will need to be printed, filled out by hand, signed, and returned to the address on the form.
EMPLOYEE CONTRIBUTIONS SALARY REDUCTION AND/OR TERMINATION FORM
Click here to download the Salary Reduction Form for voluntary additional retirement contributions. This completed form is held by the church’s payroll office.
FIDELITY TRANSFER/ROLLOVER/EXCHANGE FORM
Click here to download the Transfer/Rollover/Exchange form for moving assets from another investment provider to an EPC-sponsored Fidelity retirement account. You can also use this form to consolidate multiple employer-sponsored retirement accounts currently held at Fidelity. Instructions for completing the form are included. Additional forms are available at www.netbenefits.com/EPC.
FIDELITY RETIREMENT PLAN DISTRIBUTION FORM
Click here to download the Distribution Form for all participants in the Fidelity Retirement Plan. In addition, the form is specifically customized to allow a retired EPC-ordained pastor to request tax-free housing withdrawals.
Information provided in this web site does not constitute legally binding advice. EPC benefits are subject to the provisions of the Medical Plan and Retirement Plan documents available on this web site or in print from EPC Benefit Resources, Inc. (BRI), 5850 T.G. Lee Blvd., Suite 510, Orlando FL 32822. For more information, contact BRI at email@example.com or 407-930-4492 (voice and fax).