AutoSave Toolkit

Implementing AutoSave

The AutoSave Implementation Toolkit provides the resources you need to successfully roll out AutoSave at your ministry.

Thanks to your proactive approach your workers receive all the benefits of saving in the 403(b) without even completing a form. The key to a smooth transition to AutoSave is communication. To help with the implementation process, we have created helpful resources so you can keep your workers informed.

Don't forget to adopt

Be sure your AutoSave adoption paperwork is complete. Your Account Manager can help you complete the adoption paperwork and provide you with administrative information and guidance.

Implementation Communications Checklist

This step-by-step schedule outlines when to provide communications to workers and when required notices must be delivered.

Download the Checklist

Worker educational materials

Worker AutoSave Flyer

Worker AutoSave FAQ

Implementation and ongoing administration

This guide includes detailed instructions to assist with setup, elections and ongoing administration.

CRSP AutoSave Administrative Guide

Your workers want to save and you can help them.

Email Templates for Worker Communications

AutoSave gives your workers a helpful nudge—and these email templates make it easy for you to guide them through each step.

Choose a message, copy it, then paste it into your email and update the bracketed fields.

Introducing AutoSave

Subject: Upcoming 403(b) AutoSave Program at [Ministry Name]

Dear Team,

At [Ministry Name] we are deeply committed to supporting our staff and ensuring you have the tools and resources needed to build a secure and comfortable retirement. As part of that commitment, we want to share an important update regarding your retirement benefits.

As an eligible employee, you are enrolled in the Concordia Retirement Plan pension through Concordia Plan Services, which is fully paid by [Ministry Name]. This pension will provide you with a future benefit once you are vested and reach retirement age.

In addition, the Concordia Retirement Savings Plan 403(b) allows you to create your own retirement savings through payroll deductions.

Starting [Enter start date], we are implementing AutoSave - an automatic enrollment feature of the 403(b). AutoSave makes saving for retirement easier by helping you get started with fewer steps. Many organizations use automatic enrollment to help workers begin saving earlier and more consistently.

Here’s what to expect:
• Eligible employees will be automatically enrolled in the 403(b) plan with a [Enter savings %] [Enter pre-tax or after tax] deduction for each pay period.
• You will have the option to opt out if you do not wish to participate.
• You may also adjust your contribution amount at any time to align with your personal financial goals. The choice is entirely yours.
Individuals who are already contributing above the Auto Save default percentage will not be affected by this change.

You will receive additional information in the upcoming months including instructions, timelines and details on how to make changes.

Thank you for your continued service to our ministry and the community we serve. We are grateful for all you do and remain committed to supporting your long-term financial well-being.

For more information on the 403(b), its investment funds and retirement planning visit ConcordiaPlans.org/CRSP.

We believe this change will make it easier for you to plan for a secure retirement. If you have any questions, please contact [Enter contact person’s name and title] at [Enter contact person’s email].

Building excitement for AutoSave

Yes, we are also adopting Auto Increase
Yes, we have the 403(b) but recently adopted AutoSave

Providing required advance 30-day notice

Yes, we are also adopting Auto Increase
Yes, we have the 403(b) but recently adopted AutoSave

Confirming launch

Legally required notices will be sent to you by our CRSP 403(b) Team.

Questions?

If at any time you have questions about implementing AutoSave Contact the CRSP 403(b) Team by calling 888-927-7526, emailing [email protected].