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.
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).
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Last updated on Wednesday, November 27, 2013.
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