To access your account, go to the Retirement Savings Plan page of our website.

Saving as much as you can now will make it more likely that you have enough money in retirement. Increasing your contributions by just 1% each year until you reach 15% of your income can make a big difference in how much money you have when you retire.

You may participate if you are an employee of The Episcopal Church and your church employer has adopted the plan. If not, you may wish to download the Retirement Savings Plan Employer Adoption Agreement for your employer. Download and complete the Employee Application for Membership Form and mail it to the address indicated on the form.

Yes, you can. You may borrow 50% of the vested balance of your account balance to a maximum of $50,000. No more than two loans may be outstanding at any one time. The minimum principal amount of any loan is $500. The maximum loan repayment period is five years, unless the purpose of the loan is to acquire a principal residence, in which case a repayment period of up to 15 years is permitted. Loans are repaid by Automatic Clearing House (ACH) debit against your bank account.

If you participate in the clergy pension plan, you do not contribute to your own retirement account. Your retirement benefit is determined when you retire by a formula based on your compensation and years of credited service. The Retirement Savings Plan offers a way for you to add to your retirement income by contributing to your own RSVP account. Like the pension plan, the RSVP can be used as a housing allowance reduction in retirement.

Yes, you can change your payroll deductions at any time.

Yes, you may request a suspension of your contributions at any time.

Your contributions reduce your gross income for federal and most state and local taxes. Federal taxes apply when benefits are paid to you, generally at retirement.

Yes.

Taxes on any employer contributions and earnings are deferred until benefit payments begin, generally at retirement.

Yes, if you retire at age 55 you can access your savings; otherwise, you can access your savings after you reach age 59½, or if you suffer a financial hardship, and if you are still working for your participating employer. Loans are also available from the plan. Certain IRS regulations apply.

Being vested means owning both your employer's and your own contributions, along with the earnings on those contributions. You automatically own whatever you contribute, plus earnings. In some plans, vesting occurs after a period of time. In RSVP, you are fully vested in any employer contributions as soon as contributions begin.

They include a variety of funds ranging from a money market mutual fund to growth-focused stock funds, the Stable Value Option (SVO), and the Fidelity Freedom Funds. View investment options

Yes, if you wish. The Freedom Funds are designed to serve as stand-alone options, since each fund invests in a combination of well-established Fidelity mutual funds and is professionally managed to provide a consistent retirement investment strategy over time. However, you are free to allocate your contributions among all the investment options, including the Freedom Funds.

You can transfer your full account balance, or any portion of it, between investment options daily, at no cost.

Withdrawing funds is taking money out of the RSVP. Transferring funds is moving funds from one investment option to another within the RSVP.

Yes. Generally the plan will accept rollover funds from any qualified tax-deferred plan.

No you do not have to close you account. Contact Fidelity for information about your options.

Yes. You may also choose lifetime income options or periodic installments over a period of time or for a particular amount.  

The balance is paid to the designated beneficiary indicated on your completed beneficiary form or to your estate.

Yes. You will be paid your balance, and the IRS penalty for early withdrawal may be waived.

A Roth IRA may be right for you if you want to have tax-free income when you retire. You also need to meet certain income eligibility criteria. Compare your annuities choices and talk to your financial or tax advisor before making a decision on what is best for you.

Fill out and submit a Life/Annuities Beneficiary Form.