The Ministers and Chaplains Plan is a 403(b)(9) retirement plan designed for self-employed ministers.
Who can participate?
Ministers who receive income from a self-employment ministry, a military chaplaincy, or a ministry with a for-profit employer or a not-for-profit employer may be eligible to take advantage of this retirement plan.
Tax advantages
- Rollovers from other eligible retirement plans or Traditional IRAs are possible without tax consequence.
- Earnings on all contributions and rollovers are tax-deferred.
- Earnings on Roth elective deferral contributions can be withdrawn tax-free within legal limits.
- Retirees who are ministers may request a designation of retirement benefits as a tax-free housing allowance within legal limits.
Eligibility/How to enroll
To determine eligibility or enroll in the Minister's and Chaplain's Plan, please use our online enrollment tool, email us or call us at 1-888-98-GUIDE (1-888-984-8433).