Retirement Plan Basics
The Unitarian Universalist (UU) Organizations Retirement Plan is an IRS qualified 401(a)/401(k) defined contribution, multiple employer, church retirement plan. More than six hundred participating UU Employers administer the plan for the sole benefit of their employees, helping to ensure that employees of UU institutions have an opportunity to accumulate savings for their retirement years.
Empower is the Recordkeeper for the plan. As of January 1, 2023, the plan includes more than 4,300 active participants.
Participating Employers are those entities (congregations, districts, the national association, and other UU organizations) who have completed a Participation Agreement and have received confirmation from the Retirement Plan Committee.
Every employee, age 18 or older, of a participating employer is eligible to authorize pretax Elective Deferrals, Catch-Up, and Rollover Contributions, whether or not the employee meets Plan criteria for receiving Employer contributions.
Key Retirement Plan Points
The Plan was restated in 2014 and the plan document is linked on the UU Organizations Retirement Plan home page.
Each Employer is responsible to administer the Plan for the benefit of their employees and in compliance with the governing Plan document, their confirmed Employer Participation Agreement on file with the Unitarian Universalist Association (UUA) Retirement Plan Director, and all applicable federal regulations.
The Retirement Plan Committee oversees the Plan.