The following are two examples of how Envoy Financial understands the law regarding retirement plans for Christian ministries.  Retirement plans for ministries is our exclusive focus and market.  We understand the law as it pertains to Christian ministries and the retirement and group benefit plans they offer their employees. 

Envoy Financial understands the technical and legislative aspects of 403(b) plans and their importance to ministry leaders.

Many financial planners will tell you that 401(k) and 403(b) plans are pretty much the same. When they do, they clearly demonstrate their lack of understanding regarding the important differences and advantages of 403(b) plans for Christian ministries and mission-sending organizations. Whether it’s selecting specific plan design options or constructing the plan to really meet the needs of both employees and you the employer, working with Envoy Financial means you’re working with a Trusted Advisor who specializes in retirement plans for Christian non-profits.

At Envoy Financial, we exclusively serve Christian ministries. We understand the intricacies and unique needs of Christian ministries, and specifically mission-sending agencies. Also, our commitment to staying informed on legislative changes provides us a unique perspective on the industry. Staying informed provides us with an understanding of what our plan sponsors need in order to fulfill their fiduciary responsibilities, operate their retirement plan in a compliant manner, and safeguard their tax-exempt status with the IRS.

Does your retirement plan provider really understand the needs of ministry? Are you sure that they know the specifics of Code pertaining to 403(b)(9) Retirement Income Accounts, Roth Accounts, Housing Allowance, and Foreign Earned Income Exclusion? At Envoy Financial, we know. Contact us today to see how we can help your ministry and serve your staff with Trusted Advice.  Our ministry is to serve your ministry.

Envoy Financial understands the importance of the new Roth 403(b) provision.

At Envoy Financial, we know that the Roth 403(b) is the single largest change to employer-sponsored retirement plans and will dramatically impact the ability of Christians - and especially missionaries abroad - to save for retirement! And, we know we’re not exaggerating when we make that statement!!

Missionaries working abroad qualify for the Foreign Earned Income Exclusion which exempts their first $75,000 of income from taxes. This means that when a mission-sending agency offers the Roth provision in its retirement plan, missionaries abroad will be able to contribute to the retirement plan tax-free. And, since funds in a Roth account grow tax-free and are distributed tax-free at retirement, a missionary will be able to pay no taxes when contributing and pay no taxes at retirement! Funds go into the plan tax-free, grow tax-free and are distributed tax-free. Roth is a huge benefit to missionaries and mission-sending agencies who want to help their missionaries save for the future!

Few others have this benefit when saving for retirement!

Envoy Financial understands the impact of this provision for mission-sending agencies. We can provide counsel on plan design so your retirement plan meets the needs of the ministry, your domestic staff and overseas missionaries.

Does your retirement plan provider keep you abreast of important legislative changes? And, more importantly, do they keep you informed as to the impact of those changes on the ministry, its staff, and your retirement plan. If not, contact us today to learn more about how we work with and serve ministries.  Our ministry is to serve your ministry.

For more information on how we can serve your ministry, contact Jeff Gater at (888) 879-1376, ext. 209 or by email.

Envoy Financial

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