Help your workers save for retirement!
We’re hosting a 403(b) Spring Enrollment campaign for the Concordia Retirement Savings Plan 403(b) to encourage workers to begin saving for retirement or, if they’re already saving, to increase their savings amount. We’ll be sending your workers a series of inspiring emails between April 9-23.
Workers who are saving are asked to consider increasing their savings amount to better prepare for retirement.
Workers not currently saving are encouraged to start! We’ll highlight the importance of personal retirement savings to complement their Concordia Retirement Plan pension benefits.
Some of the actions that they’ll be asked to take include:
- Complete a Salary Deferral Agreement to start or increase their savings rate.
- Attend a webinar to learn more about saving for retirement that will be held on April 16, 10 a.m. CT.
- Contact a Financial Educator to make an appointment to talk about savings for retirement during our Meet a Financial Educator Event (April 20-23)
- Register for the Vitality Challenge to “Planting Seeds of Savings!” (for workers enrolled in the CHP)
Adopt the 403(b). If you are not currently offering the 403(b) to your workers, now is a great time to adopt! Contact your Account Manager to learn more about the benefits of offering the 403(b) to your workers.
Adopt the CRSP for your part-time workers. Consider offering the 403(b) to your part-time workers. There is no additional cost to you as the employer, and your part-time workers will be able to save for retirement plus gain access to our retirement planning resources. Contact your Account Manager to learn more.
Adopt AutoSave. It's the best way to help your workers prepare for retirement. By automatically enrolling them into the 403(b) at the time they're hired or at the time AutoSave is implemented, they’ll start saving right away!
Join us for a webinar, “403(b) Spring Enrollment: What employers need to know” March 25, at 1 p.m. CT. We’ll review what workers will see, enrollment timing and communications, rollover considerations and your role during the enrollment period — plus live Q&A.
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You can also use our 403(b) Spring Enrollment FAQs to help answer any questions you may receive.