The Navigators partners with you as you save for the future by providing two retirement plans:
the 401(a) and the 403(b) through Fidelity Investments.
Please watch the Ant & Grasshopper video below for more information on both retirement plans.
- When you become eligible for the 401(a) Basic Retirement Plan, you will begin receiving an amount equal to 5.5% of your income into your personal retirement account.
- You are eligible to contribute to the 403(b) Supplemental Retirement Plan on day one to begin saving from your own contributions.
- If you are a commissioned minister with The Navigators, your contributions to these plans will be designated as Ministerial Earnings. Ministerial Earnings is an important IRS designation allows you some additional tax advantages.
Visit the links on the left to see how these plans and the tax benefits will help you in your endeavor to prepare for the future.