Church Benefits Board partners with Empower as the recordkeeper for our 403(b)(9) Retirement Plan. Through Empower, participants can manage their retirement accounts, access planning tools, and connect with financial professionals for guidance and support.
By partnering with world-class financial and insurance service providers, we are able to leverage economies of scale, enhance plan features, expand participant services and deliver meaningful benefits to those we serve.
Financial Planning, Free-of-Charge
For participants of the Church Benefits Board 403(b)(9) Retirement Plan
Active participants of the Church Benefits Board 403(b)(9) Retirement Plan (“CBB 403(b)(9) Plan”) can meet with a CERTIFIED FINANCIAL PLANNER® at Empower to build a comprehensive financial plan, at no additional cost. The financial planning process gives participants a more complete view of their financial situation to make informed decisions now and develop a plan aligned with their goals for retirement and long-term financial stability.
$500 Incentive
For participants who complete their financial plan with Empower
When an active participant of the CBB 403(b)(9) Plan completes their financial plan with Empower, Church Benefits Board will add $500 to their CBB 403(b)(9) Plan account.* CBB provides this financial planning incentive thanks to generous grant support. Our goal is to encourage all of our participants to improve their financial well-being by building a financial plan.
*Please note:
- The $500 incentive is available while funds last.
- The $500 incentive is only available the first time an active participant completes their financial plan with Empower.
- The $500 incentive is processed on a quarterly basis. Deposits of the $500 incentive into a participant’s Church Benefits Board 403(b)(9) retirement account can take up to 90 days.
Schedule your financial planning appointment:
To schedule your financial planning appointment, use the button below and when prompted, choose the first service appointment, “An Introduction Call/Welcome Meeting.” You can learn more about the financial planning process below.
How the financial planning process works:
1) Schedule your appointment.
- Schedule your financial planning appointment online.
- The financial planning process takes place over three phone calls. You will need access to both your phone and a computer during the three phone calls.
- If you are married, we encourage you to invite your spouse to also attend these planning calls with you.
2) What to expect on the first phone call:
- You will meet your dedicated CERTIFIED FINANCIAL PLANNER™ at Empower.
- Your financial planner will get to know you and will explore your needs, wants, and wishes related to financial planning.
- Your financial planner will collect necessary data and information and begin to develop a personalized plan.
3) What to expect on the second phone call:
- Your financial planner will review the initial data and information.
- You’ll have the opportunity to offer additional information, or make corrections, to assist with the financial planning process.
4) What to expect on the third phone call (plus annual reviews and continued support):
- Your financial planner will present your financial plan via an online presentation.
- You’ll have access through a secure portal to review and update your financial plan online.
- Your financial planner will remain available to review your financial plan on an annual basis, as requested. Additionally, they will be available throughout the year for questions and advice.
If you have additional questions, please contact us at churchbenefits@churchbenefits.org.
Participant Testimonies
“With so many important things that occupy the time and attention of people in ministry, it’s often difficult to find the energy to focus on daily financial matters… much less a plan for the future! Working with our financial planner through CBB’s faithful ministry, we can have greater peace of mind for the future, giving us more energy to focus on building God’s kingdom here and now.”
“Financial planning isn’t always a focus in seminary, leading to ministers feeling overwhelmed at the beginning of our careers. Building a financial plan through CBB has helped my husband and I become more confident in knowing what questions to ask and what steps to take now to lay the groundwork for our financial future.”
“Church Benefits Board’s financial resources have helped me build confidence in managing my finances. I feel better equipped to make wise decisions and prepare for the future while serving in ministry.”
“Using the financial planning service provided a clear path forward, making my financial goals feel both doable and achievable. The peace of mind that comes with that clarity has been incredibly helpful in both my personal life and ministry.”
Investing involves risk, including possible loss of principal.
Securities offered and/or distributed by GWFS Equities, Inc., Member FINRA/SIPC. GWFS is an affiliate of Empower Retirement, LLC; Great-West Funds, Inc.; and registered investment advisers, Advised Assets Group, LLC and Personal Capital. This material is for informational purposes only and is not intended to provide investment, legal or tax recommendations or advice. Empower Retirement refers to the products and services offered by Great-West Life & Annuity Insurance Company and its affiliates. ©2020 Empower Retirement, LLC. All rights reserved. RO1331708-0920
IMPORTANT: The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Results may vary with each Financial Analysis Report and over time.