RETIREMENT

Since 1950, GenFi Ministries has operated with a clear mission to support Assemblies of God churches with the financial tools they need to impact not just their congregations, but generations of believers. This includes offering a retirement plan designed specifically for ministers and ministry staff.

403(b) Retirement Plans

No matter your age or how long you have been in ministry, it is not too late to start saving. Our 403(b) Retirement Plan makes it easy to consistently invest in your future. With GenFi Ministries, you can invest your 403(b) contributions in a fixed-rate investment fund that supports AG churches or choose from a variety of mutual fund offerings. Choose from both pre-tax and Roth contribution options and start today to support your financial future and ministry growth for generations to come.

Three Easy Steps To Get Started

1. Adopt the plan.
2. Enroll participating employees.
3. Start making contributions.

Get Started

Retirement Resources

If retirement planning feels unclear or overwhelming, you do not have to navigate it alone. GenFi has multiple resources available on our website that provide more clarity on why retirement planning is important and how to get started. You can also get a free copy of Minister Retirement: Bringing Clarity to Retirement Planning. This short guide on retirement was written by former Rocky Mountain Ministry Network Superintendent, Gene Roncone, in partnership with GenFi Ministries.
Website
Download Free Guide
Bethany Tranby, RICP
Call: 800-821-1112 x108
Email

Questions?

GenFi Ministries has a dedicated in-house team of customer service specialists to walk you through any questions regarding investments and retirement. Bethany Tranby, our Retirement Specialist, is your go-to person for help with setting up or managing your church’s 403(b) Retirement Plan.
Because the SoCal Network is concerned about the well-being of all SoCal Network credentialed ministers at the time of their retirement, the SoCal Network will contribute to a qualified AG minister 10% of their tithe into a minister’s 403(b) retirement account at AG Financial Services, effective at enrollment.

ELIGIBILITY:

• Be an Active Credentialed Minister in the SoCal Network.
• Open a new or connect an existing active 403(b) retirement plan with AGFinancial.
• Must fulfill their financial obligations (monthly tithe/dues) to the SoCal Network by the last day of each month.
To open a 403b account with AG Financial, please use this link:
Click Here!
Once you have opened your account, please notify the Accounting Manager at the SoCal Network (acctmgr@socalnetwork) that your account is open to that contributions can be made to your account.

DETAILS:

• There is no minimum personal contribution a minister must make to their 403(b) retirement account to be eligible to receive the SoCal Network's 1% contribution.
• The SoCal Network will contribute to the minister’s 403(b) retirement account monthly if the minister’s tithes/dues are current on the last day of the month.
• Contributions made to AGFS retirement plans are not FDIC insured. Assets held in the 403(b) retirement plans are subject to Department of Labor requirements and are held for the benefit of the participant.
• Contributions made by the SoCal Network are not considered income for the recipient.
• If one chooses not to receive this contribution to his/her retirement account, there will be no reduction in the credential minister's financial obligation to the SoCal Network.