Solutions Retirement Solutions Defined Contribution Plans

Defined Contribution Plans

Our Retirement Solutions offers 403(b) and 401(k) retirement savings plans specifically designed for Catholic Church employers. These plans allow employees to save for retirement with pre-tax money, reducing their current tax burden. Alternatively, the plans allow employees to make Roth after-tax contributions. Roth contributions are made with after-tax dollars but they grow tax-free and can be withdrawn tax- and penalty-free if certain conditions are met.

What sets our plans apart:

Instead of hidden fees buried in investment expenses, we charge clear, direct fees for our administrative services. This approach gives you a better understanding of the true cost of your plan.

Employers have the flexibility to contribute through matching or discretionary contributions, although contributions are not mandatory (except in a safe-harbor plan), and they can customize eligibility and vesting options. (Employee contributions are always fully vested, while employer contributions can be subject to a vesting schedule.)

Employees of member organizations can choose from a variety of investment options, including Catholic Socially Screened Funds, that are focused on social responsibility.

A Turnkey Approach

Our turnkey approach ensures that all administrative services are seamlessly integrated. This comprehensive package includes daily valued record-keeping, online access for both employers and employees, online quarterly benefit statements, communication materials, on-site meetings, compliance with all legal requirements, and access to Fidelity’s investment professionals. Some employers may be subject to non-discrimination testing. Christian Brothers Services can advise on how to avoid testing or can arrange for the required testing for an additional fee.