Our 403(b) plan for ministry

A retirement plan for qualified ministry staff

Get on a path to a more secure retirement with our Life Rewards 403(b) Ministry Retirement Plan.

Connect with us


Share this
”As a minister, as a family man, CEP is important in helping me plan for the changing seasons of ministry and life.”
–Rev. James Braddy, CA

Does your ministry offer a 403b plan for staff? If not, we can help set one up. Don't qualify for a 403b retirement account? Check out our IRA choices.

A retirement plan that believes in your ministry

As a pastor, you’ve dedicated your life to helping others and growing the Kingdom. You deserve a retirement plan that believes in your service and rewards you for your sacrifices.

The Life Rewards 403(b) Ministry Retirement Plan

Life Rewards is an employer-sponsored plan. Your employer must adopt the program before you can enroll.

Life Rewards is available to pastors and ministry employees in participating Assemblies of God churches and ministries. With this plan, you can deduct a portion of each paycheck and add it to your retirement fund, with no taxes on your contributions or earnings until retirement.

The Life Rewards Plan offers benefits that are different from traditional retirement accounts or IRAs:

  • Higher contribution limits mean you can save more each year. Members under age 50 can contribute up to $18,000 or a 100% of their taxable compensation per year, instead of the $5,500 maximum for an IRA.
  • Your employer can make contributions on your behalf.
  • Your total contribution limit for 2015 is $53,000 or 100% of your taxable compensation.
  • If you retire as a credentialed minister, you may be able to designate a portion of your plan distributions as a housing allowance, which is tax-free under current tax law.

Investment in ministry or mutual funds

Life Rewards offers a choice of investments. Choose our Vision Fund to build God’s Kingdom through loans to churches and ministries like yours. Or invest in mutual funds ranging in levels of aggressiveness.

We'll help you get started with the Life Rewards program

Investments consist of promissory notes and are not bank deposits or saving accounts. They are not insured by the FDIC. This is not an offer to sell our securities to you and we are not soliciting you to buy our securities. We will offer and sell our securities only in states where authorized. The offering is made solely by our OFFERING CIRCULAR.