July 2, 2019 In Uncategorized
NWPS Hired by Church Plan with 4,200 Participants
Northwest Plan Services is thrilled to report the successful sale, conversion and go-live status of the Church of the Brethren Benefit Trust 403(b) plan. NWPS will oversee some $375 million in retirement assets, covering nearly 4,500 participants. The conversion was particularly demanding as the plan is a Multiple Employer Plan, yet was record kept by Empower as individual plans, limiting needed reporting. During the conversion, NWPS consolidated the plans into a true, singular defined contribution plan. The size and scope of the work has piqued the interest of the industry media, including 401kWire.com who reports on it here.