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Church Retirement

Establish a plan and keep your ministry's values intact.

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Customized AG Retirement Solutions

AGFinancial provides exclusive AG retirement options for Assemblies of God ministers and employees.

Whatever plan you choose, our retirement professionals are ready to help you start that journey.

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AG 403(b) Retirement Plan

Uniquely designed for AG ministers and ministry employees, the AG 403(b) plan is the only retirement plan endorsed by the General Council of the Assemblies of God. Participants in the AG 403(b) plan may choose to contribute to their account pretax or Roth after-tax.

Find more plan details on our 403(b) page, then learn how to establish a plan below.

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Deferred Compensation Plan

Offered to ministers and ministry employees, and/or Qualified Church Controlled Organizations (QCCO) only, the 409A is a contractual agreement with your employees to defer compensation to the future.

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Customized AG Retirement Solutions

AGFinancial provides exclusive AG retirement options for Assemblies of God ministers and employees.

Whatever plan you choose, our retirement professionals are ready to help you start that journey.

Find A Consultant

AG 403(b) Retirement Plan

Uniquely designed for AG ministers and ministry employees, the AG 403(b) plan is the only retirement plan endorsed by the General Council of the Assemblies of God. Participants in the AG 403(b) plan may choose to contribute to their account pretax or Roth after-tax.

Find more plan details on our 403(b) page, then learn how to establish a plan below.

Learn More

Deferred Compensation Plan

Offered to ministers and ministry employees, and/or Qualified Church Controlled Organizations (QCCO) only, the 409A is a contractual agreement with your employees to defer compensation to the future.

Learn More

Benefits of Establishing a 403(b) Plan with AGFinancial

  • MBA Income Fund

    This investment strategy has paid a stable rate of return since its inception more than 60 years ago. Investments in this fund are used to build churches and ministries.
  • Faith-Based Investments

    We offer a variety of investment options that are screened to allow investors to avoid owning securities that choose to profit from alcohol, tobacco, cannabis, gambling, abortion, life ethics, and adult entertainment. These options include index funds, actively-managed funds, risk-based asset allocated funds, target-date strategies, and individual funds.
  • Roth Option

    This option, if provided by your employer, allows you to make post-tax contributions with tax-free earnings and qualified distributions in retirement. Additionally, you may be able to convert your pre-tax and traditional after-tax 403(b) balances to a Roth 403(b) account.
A relaxing living area for ministers with an AG retirement plan

Retired Ministers Housing Allowance

The IRS allows retired ministers to have distributions from our plan declared as ministers' housing allowance. This gives ministers significant tax savings during retirement. This option is not available through secular 403(b) plans or IRAs.

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Online Contributions

Making employer contributions online is simple.

This online tool will help minimize monthly data entry and maximize accuracy as you make retirement contributions on behalf of your employees.

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3 Steps to Establish Your Plan

The following individuals can participate in the AG 403(b) plan:

  • An Assemblies of God credentialed minister who is self-employed within the meaning of Internal Revenue Code 414(e)(5)(a)(I)(I). Example: an evangelist would qualify.
  • Assemblies of God credentialed ministers who provide services to any other organization unrelated to the Assemblies of God to the extent that the services are in connection to ministry (example: a chaplain). The employer may make contributions on behalf of the minister or the minister may make contributions to the plan directly.
  • Employees of eligible employers.

An eligible employer is:

  • An Assemblies of God church
  • The General Council of the Assemblies of God
  • A District Council of the Assemblies of God
  • Any other organization that is controlled by or associated with the Assemblies of God which is tax-exempt under 501(c)(3) of the internal revenue code.

As a sponsor of a 403(b) plan, you are required to submit a written plan document to be in compliance with IRS regulations. Review the Plan document and amendments below.

Plan Document

Plan Amendment 5/1/2013

Plan Amendment 4/24/2019

Choose one of the templates below to define eligibility, benefits, and compensation for your ministry employees. Completion of a written plan template will establish your ministry’s 403(b) plan.

  • Template 1: AGFinancial is your exclusive service provider and your ministry is a church, church school (daycare through the 12th grade), or QCCO.
  • Template 2: AGFinancial is one of multiple service providers and your ministry is a church, church school (daycare through the 12th grade), or QCCO.
  • Template 3: AGFinancial is your exclusive service provider and your ministry is an NQCCO.
  • Template 4: AGFinancial is one of multiple service providers and your ministry is an NQCCO.

Note: QCCO = Qualified Church-Controlled Organization. NQCCO = Nonqualified Church-Controlled Organization. See full list of 403(b) Terms & Definitions for details.

The Service Agreement is used to identify the roles and responsibilities of the employer and AGFinancial. Without the agreement, the employer is solely responsible for compliance for all 403(b) administrative and regulatory issues. Additionally, with our exclusive written plan and agreement, we will be responsible for administration of hardship distributions and plan loans.

If you have questions or need additional information, please reach out. Our team is here to help.

This information and the information contained in links are not considered legal or tax advice. AGFinancial is available to give guidance and assistance to your ministry and your ministry’s legal and tax professionals. Check with your own advisors to ensure you have satisfied all the IRS 403(b) regulation requirements.
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403(b) COMPLIANCE REGULATIONS

The Internal Revenue Service issued regulations on 403(b) plans that generally became effective on January 1, 2009. These regulations impact all 403(b) plans and are comprehensive on the governance of such plans. The regulations require, among other things, a written plan document that contains the material plan provisions. The consequences of not meeting the regulations can be severe. The penalty for failure to comply may include, but is not limited to, immediate taxation of each participant’s balance. If AGFinancial is your exclusive service provider, your compliance implementation can be easy. (NOTE: Compliance may be more complex if using multiple providers.)

For assistance, contact us at 800.622.7526 or email us at 403bregs@agfinancial.org.

AGFinancial is more than a financial institution. They are my partners and coworkers who are also involved in ministry, so they speak my language.

—Nino Gonzales, Lead Pastor, Calvario City Church, FL

Testimonials found on this site are examples of what we have done for other clients, and what some of our clients have said about us. However, we cannot guarantee the results in any case. Your results may vary and every situation is different. No compensation was provided for these testimonials.

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