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.

TIAA is the Recordkeeper for the plan. As of January 1, 2021, the plan includes more than 4,200 enrolled 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.

Participating Employers are able to make tax-sheltered contributions for eligible staff members.

Remit contributions data and funding electronically.

Employees, age 18 or older, of participating Employers are able to enroll for the purpose of authorizing pre-tax Elective contributions towards their own eventual retirement readiness, whether or not the employee meets Plan criteria for receiving Employer contributions.

Many experts recommend that plan participants review their investment mix and elective salary deferral percentage regularly, and update appropriately. Participants enrolled in the denominational plan may take advantage of one free guidance session annually at no cost by calling (800) 732-8353, Monday to Friday, 8 a.m. to 8 p.m. (ET) to schedule the consultation. TIAA's dedicated line for other assistance to enrolled participants is 800-842-2829.

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.