Member-Affirmed Practices
The Church Alliance’s member organizations are proud to affirm the following statement of practices.
As providers of denominational retirement and/or healthcare benefit plans for those who serve religious institutions, we, the Church Alliance’s member organizations, recognize a sacred obligation to care for the retirement and/or healthcare plan needs of the faith-based institutions, clergy, and lay workers who place their financial resources under our stewardship. The practices outlined below reflect a commitment by Church Alliance member organizations to administer retirement and/or healthcare plan assets responsibly.
Emphasizing Operational Accountability
Our organizations recognize the critical importance of accountability in all aspects of our organizations’ operations. Our organizations pursue accountability through appropriate governance and internal controls.
Retaining Professional Management
Our organizations retain professional management for our benefit plans. We utilize the expertise of trained professionals, either internally or externally, to help administer benefit plans in the best interests of plan members.
Monitoring Retirement Investments
Our organizations monitor retirement savings and pension plan investments by regularly reviewing investment performance and fees. Our organizations diversify investments to mitigate risk.
DISCLOSING BENEFIT PLAN DETAILS
Our organizations routinely disclose key information about our denominational retirement and/or healthcare benefit plans, allowing stakeholders to stay informed about their benefits. Plan members have access to information about retirement savings accounts, pension benefits, and/or healthcare benefits.
For centuries, religious communities have taken responsibility for the well-being of those who serve their congregations and communities. Our organizations are proud to support this sacred tradition of excellence and care.
