Financial administration, also known as recordkeeping, of the Unitarian Universalist (UU) Organizations Retirement Plan is by Empower. Plan recordkeeping was most recently performed by TIAA (November 2010 through February 2023).
With the assistance of an independent financial advisory firm, Fiducient Advisors (FA), formerly known as Fiduciary Investment Advisors (FIA), the Plan offers a diverse menu of investment options for plan participants to choose from. All accounts are valued daily after the close of the financial markets, and participants receive quarterly statements.
An employee of the Unitarian Universalist Association (UUA) Office of Church Staff Finances, the Retirement Plan Director, is the Plan Sponsor.
The UUA Office of Church Staff Finances provides participating employers with Plan information and materials, assists employers with plan administration for their locations, and provides general information for over 4,300 participants in the 401(a) with a 401(k) component, qualified multiple employer defined contribution church retirement plan. Under the Restated Plan, effective 01-01-2014, the UUA Retirement Plan Committee is the “plan administrator” (as that term is defined in ERISA Section 3(16)(A)) and shall be responsible for the administration of the Plan except where another entity has been assigned a specific responsibility in the Plan; provided, however, that the Committee may delegate all or any part of its powers, rights, and duties under the Plan to such person or persons as it may deem advisable. Any notice or document relating to the Plan which is to be filed with the plan administrator may be delivered, or mailed by registered or certified mail, postage pre-paid to: Retirement Plan Committee, c/o the Unitarian Universalist Association, 24 Farnsworth Street, Boston, MA 02210-1409. Since the onset of the global health crisis brought on by the novel coronavirus, please also email such notices of documents to firstname.lastname@example.org.