Churches & Ministries
Steps to Starting a Retirement Plan for Your Employees
Establishing an MBA 403(b) Retirement Plan
MBA is designed to offer AG pastors, all church employees, and administrators a low cost retirement plan that is easy to establish and administer. Pastors and staff employees enjoy access to a nationwide team of dedicated financial and legal consultants. The MBA 403(b) is designed especially for AG employees and their ministries.
Immediate Eligibility
All ministers and ministry employees are immediately eligible to enroll in the plan depending on your ministry's written plan.
Written Plan
Our consultants will guide you, step-by-step on how to create your customized written plan.
Contribution Flexibility
Individuals can choose how to contribute to the 403(b).
The pre-tax option allows contributions to be taken out before taxes.
The ROTH option allows you to pay taxes now on your contributions and, in return, withdrawals in retirement are tax-free.
Multiple Investment Strategies.
To view details about the strategies below, view our Fund Descriptors.
- The MBA Income Fund pays a fixed rate that is declared quarterly with interest compounding monthly.
- Individual investment options allow you to blend the MBA Income Fund with a stock strategy.
- Target-date strategies allow you to choose a strategy based on your date of retirement.
- Risk-based strategies will create a well-diversified portfolio with one investment choice.
Investment Education
All participants in the plan benefit from our free investment education. Our secure Web site allows participants to view and manage accounts online.
Special Tax Benefits
Retired ministers benefit from the ability to continue to declare housing on 403(b) distributions providing significant tax savings during retirement.
No Employer Cost
There is no fee to establish and/or maintain an MBA retirement plan.
