Defined Contribution

Also known as the Supplemental account, the objective is to provide an opportunity to build a separate "nest egg" which can be used to supplement retirement income. Because of increased lifespans compared to just a few years ago, this plan has become more important as part of an overall retirement strategy. Pre-tax employer contributions to the Defined Contribution plan can be made after the Pension contributions are made.

Participants may also contribute pre-tax dollars to the Defined Contribution Plan by completing a voluntary salary reduction agreement. The IRS allows at least $18,000 per year in voluntary contributions to our Defined Contribution plan. If you are 50 years old or older, you can contribute more.

In the event of a qualified hardship, money from the Defined Contribution plan can be withdrawn before age 60. Participants who take an early withdrawal will face significant penalties from the IRS. Because of the combination of losing growth of your money over time and the IRS early withdrawal penalty, we ask our participants to consider early withdrawals a last resort.

Your Retirement Specialist can assist you with questions about the Defined Contribution account. Please call 877.482.6882.


1) Individuals must be at least 23 years of age or older.

2) Employed by a Converge-affiliated church or District and paid for at least 1,000 hours per year.

Thank you for signing up to learn more about the Retirement Plan!