Acts 29 Retirement Plan

The Acts 29 retirement plan will be available to all Acts 29 member churches and you can enroll beginning in January 2022. Once a church is enrolled, the plan can be offered to your pastors and staff members. 

Our goal is to help every church within Acts 29 access the highest quality resources at the lowest possible cost. Whether you are a church that currently has a retirement plan in place, or your church does not currently offer retirement for your pastors and staff, the new Acts 29 403(b)(9) Associated Plan can be the best solution for you. 

At the beginning of 2022, we will share an intake questionnaire that will help you onboard and enroll your church into the Act 29 retirement plan. Please check this page in January 2022 for updates. 

In the meantime, we have provided an FAQ list (below). We hope this will answer your questions about our plan and we will continue to update this as needed. 

FAQ

Who is the plan available to?

The Acts 29 retirement plan is available to all member churches in the network. Once a church is enrolled, the plan can be offered to your church pastors and staff on payroll.


Can part-time church employees be enrolled in the plan?

An employee must complete 500 hours of service over 3 consecutive months OR 1,000 hours worked for employer contributions. Temporary employees may sign up to make their own contributions, but you won’t match until they reach the hours indicated above. Please refer to this article on retirement benefit regulations.


When can I enroll/sign-up?

At the beginning of January 2022, we will add an intake form to this retirement webpage (acts29.com/retirement). Acts 29 will have a retirement benefits specialist on staff to respond to all inquiries and assist you with onboarding your church into the Acts 29 retirement plan.


Can I enroll before the plan launches in January 2022?

Please send an email to retirement@acts29.com if you have extenuating circumstances that would be helped by enrollment before the end of 2021. We cannot guarantee that we can onboard your church into the Acts 29 403(b)(9) Associated Plan before January 2022; however, we may be able to accommodate your church to enroll before the year ends. 


How do I enroll/sign-up?

We will send notifications via email beginning in January 2022 when we launch the plan. We will provide an intake form on our retirement webpage, acts29.com/retirement. If you have any questions before then, email retirement@acts29.com.


What kind of plan is being offered?

Acts 29 has built a 403(b)(9) Associated Plan to help every church within the organization access the highest quality resources at the lowest possible cost. This will help larger churches who are looking to push down expenses and stay on top of regulatory concerns while also allowing smaller churches access to institutional-level investments at the same price. 


Who is helping Acts 29 in this effort?

Acts 29 has sought the help of institutional advisors to run the plan through Beacon Pointe Advisors, a top-level service group that has a strong focus on nonprofits and faith-based organizations. 


How are fees paid in the account?

Beacon Pointe assesses all provider fees on a quarterly basis and they are determined through the size of the overall plan. All fees are paid by a small percentage from each participant account that is within the entire Associated Plan. They will be anywhere from $35 – $200 per participant on an annualized basis to help cover the costs of the services being provided. *All return information is net of fees.*


We currently use Guidestone, why should I make a change?

Whether you are a large church or a small church, the Acts 29 Associated Plan will not only provide your church with resources that were not obtainable prior to our relationship with Beacon Pointe, the joint effort will lower costs and help other church start-ups that would like an institutionalized plan. It carries forward the mission of being a church helping other churches and has a fiduciary monitoring every component putting your best interest first.


Can I rollover other retirement accounts into the 403(b)(9) plan?

You may rollover other tax-qualified accounts into the plan, such as IRA’s and other 403(b) plans. If your plan offers a Roth option (preferred) then you may rollover outside Roth plans.