Our Retirement Plan for Christian Colleges/Universities
At Servant Solutions, we honor God by fulfilling our mission statement to “Improve Financial Security for Servants of the Church.” That mission manifests itself through serving ministers and missionaries as well as faculty and staff in Christian higher education. We feel an affinity and values alignment with the mission of Christian colleges and universities and the impactful ministry that those organizations provide. We currently serve the staff of the Association for Biblical Higher Education as well as many of the institutions they accredit.
Some of the Universities and Colleges Served by Servant Solutions:
Anderson University • Faith Baptist College and Theological Seminary • Grace College of Divinity • Hobe Sound Bible College • Horizon University • Mid-America Christian University • Montana Bible College • Penn View Bible Institute • Union Bible College and Academy • Warner Pacific University • Warner University
“Anderson University (Indiana) is pleased to partner with Servant Solutions as an option for our faculty and staff retirement needs. We’ve had exceptional service and great personal interaction with their staff. I’m pleased to highly recommend Servant Solutions.
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DID YOU KNOW:
One of your most precious assets is your highly skilled professional faculty?
The culture your college or university presents to its faculty and staff must be one which truly values each of them as a member of the college/university’s team. A retirement plan is a tangible way to do just that. A fair compensation package allows faculty to focus on teaching and staff to focus on administration (their respective ministries), while minimizing future financial stress.
Frequently Asked Questions About the Servant Solutions Retirement Plan:
What Type of Plan Is It?
A 403(b)(9) Church Plan is a defined contribution plan specifically designed for the unique needs of churches, Christian colleges and universities, and ministry organizations.
Who can participate?
Employees from all ministry organizations listed above are eligible to participate, unless the employer specifically excludes them.
What type of investments?
Lifefunds – Age based mutual funds designed with appropriate level of risk
Mutual Funds – For those who watch the market closely, a selection of individual mutual funds
Fixed Income Option – Out of market option with a stated rate of return
Types of Contributions?
Employees can elect to have their employer withhold money from their paycheck that can be contributed as a pre-tax or after-tax contribution. We also offer a Roth feature for after-tax contributions.
Employers can make a pre-tax contribution on behalf of their employees.
Advantages?
Colleges and universities can begin offering our plan to employees at no charge
No minimum contribution required for employees to open account
No minimum contribution amount required monthly
Lessens total annual taxable income
Unique non-profit status allows us to keep fees exceptionally low
Ordained ministers have special tax advantage (Housing Allowance)
No time consuming Form 5500 filings required for employers
Excellent service – including FREE financial education and opportunities for consultation with a Financial Planning professional
Ministry/Kingdom focused
Rollovers from other eligible plans are possible with no tax implications
How to enroll
Ready to enroll your college/university? Start here to begin the process and access the enrollment checklist.
If your employer is already enrolled with Servant Solutions and you’re ready to start a retirement account with us, you can access those details and next steps right here.
Questions?
Need help? Email anytime or call us at (800) 844-8983 with any questions!
“Servant Solutions has been a great partner as we help our employees prepare for the future. From the beginning of our relationship we have found Servant Solutions to be very responsive to our needs and quick with communication. Their current mission has not strayed from their ministry roots and the desire to help those in Kingdom work make good financial decisions for future needs. Thank you to Servant Solutions for being a great partner!”
“One of the greatest responsibilities of leadership is the creation and communication of vision, or the leader’s depiction of the future reality into which he or she is determined to lead the organization. Such vision should include appropriate support for employees and tools for them to proactively prepare for the future. Servant Solutions is a tremendous ministry partner who can provide you and your institution with the information and support needed to make retirement planning a vital part of that vision. Their services are straightforward, professional, and appreciated by all! I highly recommend them for your retirement and financial planning needs.
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“At Warner University we only have two options an employee can select for their retirement planning. We are proud that “Servant Solutions” is one of those options. You will not be a “number” with them, they will be a “partner” for life.”
The Association of Biblical Higher Education
