Charitable Organization and Churches

These clients range from small, single-church congregations to large, multi-state nonprofit organizations. 

Key Charitable Organizations and Church Client Types

Charitable Organizations & Foundations: Foundations, endowments, children’s homes, and retirement housing facilities. 
Churches & Religious Organizations: These are often, but not limited to, 501(c)(3) tax-exempt entities that can use specialized 403(b)(9) church plans.
Church-Controlled Organizations: Seminaries, denominational agencies, and related organizations that fall under "Qualified Church Controlled Organizations" (QCCOs) or non-QCCOs.
Para-Church Organizations: Non-profit entities that are faith-based, such as Christian camps, parachurch ministries, and mission agencies.

Key Retirement Plan Offerings for These Clients

403(b)(9) Church Plan: Often referred to as a "church plan," this is a non-ERISA, employer-sponsored plan tailored for churches, allowing ministers to take advantage of the housing allowance in retirement.
ERISA 403(b) Plans: Used by most 501(c)(3) nonprofits (not churches) that are subject to ERISA regulations, requiring annual Form 5500 filing.
Non-ERISA 403(b) Plans: Used by churches and public schools to avoid ERISA compliance requirements.
457(b) Plans: Used by some nonprofits to allow highly compensated employees to defer more income.
SIMPLE IRAs: Suitable for smaller non-profit organizations with fewer than 100 employees, offering low costs and reduced administrative burdens. 

Key Services Provided

3(21) Fiduciary Advisor: Provides investment recommendations, but the sponsor retains final decision-making power.
3(38) Investment Manager: Assumes full discretion over investment selection and management, limiting the sponsor’s liability.
Balancing Faith and Finance: Aligning investments with organizational values, including ESG (Environmental, Social, and Governance) strategies.
Clergy-Specific Planning: Navigating the tax nuances of the ministerial housing allowance in retirement.