Retirement Plan

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Retirement Plan

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The Retirement pages of the ACC website provide members the ability to navigate current Plan documents and their amendments, access enrollment and participation forms and provide information on the benefits available in our group Plans.

Whether you are already retired, retiring soon or retirement is years away, to live well in retirement depends on how carefully you plan, save and invest. It starts with an appropriate retirement money management plan, and requires on-going review of your financial situation and goals, and the discipline to stick to your strategy. 

Regardless of whether you started investing for retirement when you were young or if you're playing catch-up now, taking part in tax-deferred savings opportunities, like those available in the American Conference of Cantors Retirement Plan, a 403(b) Qualified Church Plan, may be one way to assist you in achieving your goals.

Benefit from:

Parsonage distributions in retirement. A tax rule that allows a "minister of the gospel" (which includes an ordained cantor or rabbi) to exempt a portion of their salary earmarked for housing costs from their federal income taxes.

Tax-deferred savings opportunities. You pay no taxes on any earnings until you withdraw them from your account, enabling you to keep more of your money working for you now.

Retirement planning tools. You have access to online tools designed to help you manage your assets as you plan for retirement, and educational opportunities provided by experienced financial professionals.

Investment options. You have the flexibility to select from investment options that range from more conservative to more aggressive, making it easy for you to develop a well-diversified portfolio.

*The employees of the ACC are not licensed to provide financial advice; participants need to contact their own financial advisor for specific recommendations and investment direction.



ACC Retirement Plan - Reminder for 2018 Contributions

December 10, 2018

Dear Retirement Plan Participant,

I hope this letter finds you well!

You are receiving this communication because you are a participant in the ACC Retirement Plan and a temple contribution has not been made to your retirement account as of December 1, 2018.

Remember, there are two type of contributions that can be made to your retirement account: a salary deferral which are funds withheld from your paycheck and contributed to your retirement account on your behalf, and temple contribution (also called employer contribution) which are funds contributed to your retirement account by your employer.

As the calendar year draws to a close, I would like to urge you to log in to your Fidelity NetBenefits account to check that all of your contributions have been made properly.
If you notice that there are missing or incorrect contributions, please contact your employer and myself immediately. For contributions to be counted in this calendar year and not affect your 2019 annual limits, they must be made by the end of the 2018 calendar year.

I encourage you to check NetBenefits on a regular basis to ensure that your contributions are being made correctly, and that your investments continue to be inline with your investing strategy and goals.

This would also be a great time to familiarize yourself with NetBenefits, Fidelity offers many tools that you may find interesting.

If your congregation does not make a temple contribution on your behalf, or you have received this communication in error, please contact me to make corrections.

If you have any questions, do not hesitate to contact me.

Wishing you a Chanukah filled with light!


Laura Majeski
Retirement and Group Benefits Administrator