Since 1945, we have been blessed to help ministers and ministry employees save for retirement. Our team serves more than 29,000 participants and manages nearly $2 billion in assets.
You'll find detailed information on this page, and we encourage you to contact one of our retirement consultants to help guide you through the best plan options for you.
find a consultant| Investment Type | RATE | APY* | |
| MBA Income Fund | 4.000% | 4.07% |
*Annual Percentage Yield
Effective January 1, 2026
The IRS allows retired ministers to have distributions from our plan designated as clergy housing allowance. This unique benefit gives ministers a significant tax savings during retirement.
We are proud to offer this benefit, which is not available through secular 403(b) plans or IRAs.
The maximum housing allowance exemption in any tax year is the lesser of:
Use the Minister’s Housing Expenses Worksheet to determine total housing expenses.
Open WorksheetNOTE: By IRS ruling, surviving spouses may not declare housing on distributions from the retirement account of their deceased credentialed minister spouse.
| 403(b) Contribution Limit | 2026 | 2025 |
| Under age 50 deferral limit (pre-tax and Roth after-tax) | The lesser of $24,500 or includible compensation. | The lesser of $23,500 or includible compensation. |
| Age 50 and up deferral limit* | The lesser of $32,500 or includible compensation. | The lesser of $31,000 or includible compensation. |
| Age 60-63 deferral limit** | The lesser of $35,750 or includible compensation. | The lesser of $34,750 or includible compensation. |
| Overall limit under age 50*** | $72,000 | $70,000 |
| Overall limit age 50 and up† | $80,000 | $77,500 |
| Overall limit age 60-63** | $83,250 | $81,250 |
*Beginning in 2026, participants who have FICA wages exceeding $150,000 (adjusted for inflation) in the previous calendar year will be required to make any catch-up contributions on a Roth (after-tax) basis. It is the Employer’s responsibility to ensure contributions are correctly submitted to the Plan. Employees below the $150,000 threshold, as well as ministers who earn SECA wages may continue to make catch-up contributions on either a pre-tax or Roth basis, depending on your plan’s design.
**The rule applies to individuals who will attain age 60 in the taxable year and continues until the taxable year in which they turn 64. So, a participant would be eligible for the entire year in which they turn 60 (even if their birthday is December 31), and they would not be eligible in the year in which they turn 64.
***All types of contributions including deferrals, employer, and traditional after-tax. Cannot exceed includible compensation.
†All types of contributions including deferrals, employer, and traditional after-tax; amounts over the general overall limit must be age 50 catch-up deferrals. Cannot exceed includible compensation except to the extent that the age 50 or older catch-up deferral has been utilized.
Contact your own tax advisor before taking any action that would have a tax consequence. This information is not tax advice. Information is from sources deemed reliable. Information is subject to error, omission, withdrawal, or change.
A rollover is a movement of funds between different kinds of accounts and is not subject to federal income tax. You are eligible for a rollover if you meet a qualifying event, such as a separation from service, disability, or attainment of age 59½. If you meet one of these qualifiers, you may roll over your 401(k), 457, or 403(b). Traditional IRAs can be rolled over at any time.
A transfer is a movement of funds between accounts of the same kind and is not subject to federal income tax. To transfer your funds to your 403(b) account, you must already have a 403(b) through a current employer and not meet any of the qualifications listed for rollovers. In addition, AGFinancial must be an approved vendor of your employer in order to transfer a 403(b).
Mail to:
AGFinancial
PO Box 2515
Springfield, MO 65801
A confirmation letter will be sent when your rollover/transfer has been completed.
The requested 403(b) loan amount cannot be less than $1,500. In addition, the amount borrowed cannot exceed the lesser of:
Members may have no more than two loans at a time. The interest rate for plan loans is fixed for the life of the loan at 2.0% above the rate of the MBA Income Fund. All loan payments are made by automatic bank draft on the 20th of each month. The maximum term of a loan is 59 months (5 years) regardless of intended use.
Due to regulations issued by the U.S. Department of the Treasury, 403(b) plan loans issued after Dec. 31, 2008 require employer verification of loan qualifications with the following exception: Your employer has a sole service provider agreement with Ministers Benefit Association, and has not had multiple service providers since 2004.
Contact us if you have any questions.
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