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Auto-Enrollment and the Retirement Plan

Participating congregations/employers may, but are not required to, elect to “auto-enroll” employees, and withhold a specified percentage (ranging from 1-6 percent) of compensation as a pre-tax employee contribution. 

  • Employees are in charge of the amount that they contribute.
  • Employees of  "auto-enroll" Employers may decide to do nothing and become, or remain, automatically enrolled, or
  • the Employee can opt out of the pre-tax contributions or change the percentage of compensation contributed at any time by completing the proper form required by their Employer.
  • Employers who elect Auto-enrollment must implement internal on-boarding procedures sufficient to ensure that timely details, forms, and notices are provided to employees by Employers adopting this feature.

Automatic Elective Deferrals will be invested according to the Employee's investment instructions. If the employee does not elect to invest in any of the investment options offered by the Plan, their contributions will be invested in the Plan's default investment option: read the Fund Sheet (PDF, 8 pages; refer to last 4) describing the objectives, risk, performance, fees and expenses of each of the T. Rowe Price LifeCycle funds the Retirement Plan Committee has chosen to offer Plan participants as the qualified default investment alternative (QDIA).

For more information contact ocsf@uua.org.

This work is made possible by the generosity of individual donors and congregations. Please consider making a donation today.

Last updated on Wednesday, November 27, 2013.

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