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Rate of Return

2011

as of August 31st

Year-to-Date
Return

-2.0%

Click here for previous Rates of Return.

The Converge Retirement Plan offers two different retirement plans to its pastors, missionaries, district leaders, national staff, and full-time staff of churches or district conference. Many participate in both plans. The first offers a retirement savings account balance that grows with participant contributions and investment earnings. The second offers life time monthly payments during retirement years. The plans have a history of above-market investment returns and low investment fees, which have resulted in periodic ad-hoc increases in monthly payments.

More information is available on this website or contact the Converge Retirement Plan if you wish to speak with the plan administrators.

 

 
Plan Administrator Report - 2011 Year End



Converge Retirement Plan

Serving Those Who Serve


Converge Retirement Plan Year End Report for 2011
Read more...
 
2012 Clergy and Tax Booklets

We have provided a PDF Version of the 2011 Tax Guide for Pastors and for Churches.  We are still providing the mailed tax guide for 2011, however, after this year the only place to find the tax guide will be on the Converge Retirement Plan website.

Steve Schultz and Jackie Forbes
Read more...
 
Deferral Limits for 2011

You and your employer can contribution 100% of your cash compensation not to exceed $49,000 for 2011 to the Defined Contribution (Supplemental) Plan.  Your part of that contribution is as follows:

 

Maximum Voluntary Contribution 

$16,500

  

Catch up contribution (Over age 50)

$5,500

  

Total

$22,000

  

In addition ministers who have more than 15 years of full-time ministry can contribute an addition $3,000 per year up to a life-time maximum of $15,000.


Please contact Jackie Forbes or Steve Schultz at 877-482-6882 with any questions you may have regarding these Deferral Limits.
 
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