Your church or ministry wants to offer robust benefits that serve employees well but that also attract and retain talent for strong operations and leadership for years to come.
Your employees want help with saving for retirement and a direct on-ramp to financial stability in their retirement years.
So how can you both get what you want? We suggest automatic enrollment.
Automatic enrollment incorporates retirement saving as an up-front, built-in plan feature — meaning employees must make the mindful decision to opt out. It allows inertia to work for employees instead of against them — jump-starting overall plan health and individual success. It accelerates the saving average of your current employees and helps new hires easily match current employee pace.
We know you care for your employees' well-being and want to lead by example by doing the right thing — so we don't want you to just take our word for it when it comes to adding automatic enrollment. Hear from other organizations who have benefited from this valuable plan feature.
"Prior to automatic enrollment, we had around 50% participation. Since implementing auto enroll, we've maintained a participation rate of more than 90%. The professional support from GuideStone — both their people and their literature — has been excellent."
Hendrick Medical Center, Abilene, Texas
"Auto enrollment communicates to our employees how important it is to start saving for retirement now. These features have helped our employees gradually reach a contribution percentage typically recommended by financial planners, and it has made it easier for them to reach their savings goals. Employees view us as a stronger advocate for their financial future."
Mission Aviation Fellowship, Nampa, Idaho
Want to learn more before making a decision? We recommend reading our Automatic Enrollment Manual for more information about why automatic enrollment might be right for your organization or church.
If you need help identifying your retirement plan goals, take a look at Designing a Strong Retirement Plan to help prepare your employees for a successful retirement.
Article 