Servant Solutions

FINALIST

Jim M. O’Bold
CEO and President

Location:

Anderson, Indiana
Industry:

Nonprofit
Plan(s) Offered:

403(b)(9) church plan
Plan Assets:

$876M
Number of Participants:

12,000
DC Plan Participation Rate:

65%*
DC Plan Average Deferral Rate:

7.5%*
Automatic Enrollment:

Varies by employer
Automatic Escalation:

Varies by employer
Default Deferral Rate for Auto-Enrollment:

N/A
Default Investment Fund:

LifeFunds (target-date funds)
DC Plan Employer Contribution:

Employers’ contributions comprise 45% of all contributions to member accounts
Recordkeeper:

Principal Financial Group
Plan Adviser:

Blue Trust
Financial Wellness Educator(s):

In-house certified financial planners and financial wellness team

*Estimate only – All 3,000 ministry organizations served are autonomous; the sponsor lacks access to payroll information to compute this answer.

Nonprofit Servant Solutions has not raised fees in nine years. It recently implemented customer relationship management software to support targeted education and communication, which are high on its values list. Formal board governance was established for this growing plan whose contributions outpace distributions at a ratio of 2:1. Serving 2,500 nonprofit church and ministry employers, the plan provides guaranteed retirement income options, a free financial plan for each participant, a student debt benefit and a provision to save for emergencies—all aiming to ensure financial wellness.

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