{"id":12,"date":"2022-12-12T01:51:53","date_gmt":"2022-12-12T01:51:53","guid":{"rendered":"https:\/\/retirement.eccenter.com\/?page_id=12"},"modified":"2025-02-11T17:02:58","modified_gmt":"2025-02-11T17:02:58","slug":"12-2","status":"publish","type":"page","link":"https:\/\/retirement.eccenter.com\/","title":{"rendered":"ECC Retirement Transition Plan"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” admin_label=”Header” _builder_version=”4.16.0″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_direction=”90deg” background_color_gradient_stops=”#f0f3fb 0%|rgba(240,243,251,0) 100%” background_image=”https:\/\/retirement.eccenter.com\/wp-content\/uploads\/2022\/12\/Financial-Firm-bg1.png” background_size=”initial” custom_padding=”||0px||false|false” custom_padding_tablet=”||0px||false|false” custom_padding_phone=”||0px||false|false” background_last_edited=”on|phone” background_position_phone=”bottom_center” collapsed=”on” global_colors_info=”{}”][et_pb_row _builder_version=”4.16.0″ _module_preset=”default” custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.2″ _module_preset=”89e8f159-669b-4873-a528-8be274fa7efc” header_4_font=”Montserrat|700||on|||||” header_4_text_color=”#1D4EFF” header_4_font_size=”16px” header_4_letter_spacing=”0.3em” header_4_line_height=”1.6em” custom_margin=”||0px||false|false” header_4_font_size_tablet=”14px” header_4_font_size_phone=”12px” header_4_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

ECC Retirement Plan Transition<\/h4>\n

[\/et_pb_text][et_pb_text _builder_version=”4.16.0″ _module_preset=”94fa2ee4-6b60-4d0b-b837-7f0ceae12b87″ header_font=”Montserrat|700|||||||” header_text_color=”#0F1154″ header_font_size=”125px” header_line_height=”110%” text_font_size_tablet=”” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”40px” header_font_size_phone=”24px” header_font_size_last_edited=”on|tablet” header_2_font_size_tablet=”30px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”off|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

Plan your financial future<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.16.0″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.2″ _module_preset=”596f4725-1c36-45b8-8f21-69157f74cf89″ text_font=”Roboto|500|||||||” text_text_color=”#000000″ text_font_size=”18px” text_line_height=”180%” text_font_size_tablet=”” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]Use this page to make sure you don’t miss any important steps as we prepare to transition the 403(b)-pension plan from Empower Retirement\/Prudential to Nationwide[\/et_pb_text][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.16.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” custom_padding_last_edited=”on|tablet” _builder_version=”4.19.2″ _module_preset=”default” custom_padding=”0px||0px||false|false” custom_padding_tablet=”||||false|false” custom_padding_phone=”||||false|false” box_shadow_style=”preset4″ box_shadow_horizontal=”40vw” box_shadow_vertical=”0px” box_shadow_color=”#0F1154″ box_shadow_horizontal_tablet=”0vw” box_shadow_horizontal_phone=”0vw” box_shadow_horizontal_last_edited=”on|tablet” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.2″ _module_preset=”7b6dbeca-d8f6-406f-b729-775afda17624″ header_4_font=”Montserrat|700|||||||” header_4_text_color=”#1D4EFF” header_4_font_size=”28px” header_4_line_height=”1.6em” custom_margin=”||0px||false|false” header_4_font_size_tablet=”22px” header_4_font_size_phone=”16px” header_4_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

See The Changes<\/h4>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”596f4725-1c36-45b8-8f21-69157f74cf89″ text_font=”Roboto|500|||||||” text_text_color=”#000000″ text_font_size=”18px” text_line_height=”180%” text_font_size_tablet=”” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Scroll to the bottom of the page for detailed information<\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16.0″ _module_preset=”default” custom_padding=”30px||30px||true|false” custom_padding_tablet=”0px||0px||true|false” custom_padding_last_edited=”off|desktop” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.2″ _module_preset=”default” background_color=”#0F1154″ custom_padding=”30px||30px|30px|true|false” custom_padding_tablet=”30px||30px|30px|true|false” custom_padding_phone=”|||20px|true|false” custom_padding_last_edited=”on|phone” box_shadow_style=”preset4″ box_shadow_horizontal=”20vw” box_shadow_vertical=”0px” box_shadow_color=”#0F1154″ global_colors_info=”{}”][et_pb_text _builder_version=”4.19.2″ _module_preset=”7b6dbeca-d8f6-406f-b729-775afda17624″ header_4_font=”Montserrat|700|||||||” header_4_text_color=”#00C9C9″ header_4_font_size=”28px” header_4_line_height=”1.6em” custom_margin=”||0px||false|false” header_4_font_size_tablet=”22px” header_4_font_size_phone=”16px” header_4_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Introduction<\/h4>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”596f4725-1c36-45b8-8f21-69157f74cf89″ text_font=”Roboto|500|||||||” text_text_color=”#FFFFFF” text_font_size=”18px” text_line_height=”180%” text_font_size_tablet=”” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]Learn about the why and the what of the Nationwide transition.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” admin_label=”Stats” _builder_version=”4.16.0″ _module_preset=”default” background_color=”#0F1154″ overflow-x=”hidden” overflow-y=”hidden” custom_padding_tablet=”” custom_padding_phone=”||0px||false|false” background_horizontal_offset_tablet=”-25vw” collapsed=”off” global_colors_info=”{}”][et_pb_row column_structure=”2_5,3_5″ custom_padding_last_edited=”on|tablet” _builder_version=”4.19.2″ _module_preset=”default” custom_margin=”0px||0px||false|false” custom_padding=”0px||0px||false|false” custom_padding_tablet=”0px||0px||false|false” custom_padding_phone=”||||false|false” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.16.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.2″ _module_preset=”c7c498d6-db77-4021-bb40-6d07e13d832c” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#FFFFFF” header_3_font_size=”40px” header_3_line_height=”1.3em” header_3_font_size_tablet=”20px” header_3_font_size_phone=”16px” header_3_font_size_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

Why Transition to Nationwide Plan?<\/h3>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.16.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.19.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.19.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.2″ _module_preset=”default” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#ffba52″ header_3_font_size=”40px” header_4_font=”|700|||||||” header_4_text_color=”#ffba52″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

Lower Fees<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”default” text_font_size=”17px” background_layout=”dark” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”]<\/p>\n

All participants will experience a reduction in plan fees as compared to our current plan with Empower\/Prudential.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”default” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#ffba52″ header_3_font_size=”40px” header_4_font=”|700|||||||” header_4_text_color=”#ffba52″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

Strong Partnership<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”default” text_font_size=”17px” background_layout=”dark” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”]Nationwide has a long successful history administering retirement plans, both for clergy and otherwise.[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”default” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#ffba52″ header_3_font_size=”40px” header_4_font=”|700|||||||” header_4_text_color=”#ffba52″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

Clergy Expertise<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”default” text_font_size=”17px” background_layout=”dark” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” global_colors_info=”{}”]Nationwide was selected primarily due to their understanding of the tax-ability of the retired clergy housing allowance[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.19.2″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”off|phone” admin_label=”Call to Action” _builder_version=”4.16.0″ _module_preset=”default” custom_padding=”0px||0px||false|false” custom_padding_tablet=”||0px||false|false” custom_padding_phone=”||0px||false|false” use_background_color_gradient_tablet=”off” use_background_color_gradient_phone=”off” locked=”off” collapsed=”on” global_colors_info=”{}”][et_pb_row make_equal=”on” custom_padding_last_edited=”on|tablet” _builder_version=”4.16.0″ _module_preset=”default” background_color=”#f0f3fb” width_tablet=”100%” width_phone=”100%” width_last_edited=”off|desktop” custom_padding=”||50px|50px|false|false” custom_padding_tablet=”0px||0px||false|false” custom_padding_phone=”0px||0px||false|false” background_last_edited=”off|desktop” background_enable_color_tablet=”off” box_shadow_style=”preset4″ box_shadow_horizontal=”-30vw” box_shadow_vertical=”0px” box_shadow_color=”#0F1154″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.2″ _module_preset=”44e52539-cead-43e5-bd57-eb8d3d608b93″ header_2_font=”Montserrat|700|||||||” header_2_text_color=”#0F1154″ header_2_font_size=”60px” header_2_line_height=”120%” header_2_font_size_tablet=”30px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|tablet” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” locked=”off” global_colors_info=”{}”]<\/p>\n

Join us for a Nationwide Contribution Processing Training.<\/h2>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Features” _builder_version=”4.16.0″ _module_preset=”default” collapsed=”on” global_colors_info=”{}”][et_pb_row column_structure=”2_3,1_3″ _builder_version=”4.19.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”2_3″ _builder_version=”4.19.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.2″ _module_preset=”89e8f159-669b-4873-a528-8be274fa7efc” header_4_font=”Montserrat|700||on|||||” header_4_text_color=”#1D4EFF” header_4_font_size=”16px” header_4_letter_spacing=”5px” header_4_line_height=”1.6em” custom_margin=”||0px||false|false” header_4_font_size_tablet=”14px” header_4_font_size_phone=”12px” header_4_font_size_last_edited=”on|phone” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” locked=”off” global_colors_info=”{}”]<\/p>\n

Summary<\/h4>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”44e52539-cead-43e5-bd57-eb8d3d608b93″ header_2_font=”Montserrat|700|||||||” header_2_text_color=”#0F1154″ header_2_font_size=”60px” header_2_line_height=”120%” header_2_font_size_tablet=”30px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|tablet” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” locked=”off” global_colors_info=”{}”]<\/p>\n

All The Necessary Information<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”596f4725-1c36-45b8-8f21-69157f74cf89″ text_font=”Roboto|500|||||||” text_text_color=”#000000″ text_font_size=”18px” text_line_height=”180%” text_font_size_tablet=”” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

Only have time to skim? Read the “Who Needs to Know This?” answer at the bottom of each box to decide if you need the information contained in that box. <\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.2″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.19.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16.0″ _module_preset=”default” background_color=”rgba(29,78,255,0.1)” custom_padding=”60px|30px|60px|30px|true|true” custom_padding_tablet=”60px|30px|60px|30px|true|true” custom_padding_phone=”|20px||20px|true|true” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][et_pb_icon font_icon=”||fa||900″ icon_color=”#1D4EFF” icon_width=”46px” _builder_version=”4.16.0″ _module_preset=”default” locked=”off” global_colors_info=”{}”][\/et_pb_icon][et_pb_text _builder_version=”4.19.2″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

1) Lower Fees<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

About $6,000 less in annual plan fees. Plan fees are paid by participants dependent upon the value of their account balance. Individual investment options have separate fees that are not impacted by the transition to Nationwide.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

Who Should Know This?<\/strong><\/p>\n

Everyone<\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16.0″ _module_preset=”default” background_color=”rgba(255,186,82,0.2)” custom_padding=”60px|30px|60px|30px|true|true” custom_padding_tablet=”60px|30px|60px|30px|true|true” custom_padding_phone=”|20px||20px|true|true” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][et_pb_icon font_icon=”||fa||900″ icon_color=”#FFBA52″ icon_width=”46px” _builder_version=”4.19.2″ _module_preset=”default” locked=”off” global_colors_info=”{}”][\/et_pb_icon][et_pb_text _builder_version=”4.19.2″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

2) Simpler Processing<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

Churches will process the employer and employee 403(b) plan contributions. Churches will enter the contributions online via the Nationwide website and the funds will be withdrawn from the churches bank account.<\/p>\n

Pension contribution checks will no longer be sent to EC Benefits Corporation for processing.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

Who Should Know This? <\/strong><\/p>\n

Those Who Handle Payroll<\/strong>
<\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” custom_padding_last_edited=”on|tablet” _builder_version=”4.20.0″ _module_preset=”default” custom_padding_tablet=”0px||||false|false” custom_padding_phone=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.20.0″ _module_preset=”default” background_color=”rgba(0,201,201,0.1)” custom_padding=”60px|30px|60px|30px|true|true” custom_padding_tablet=”60px|30px|60px|30px|true|true” custom_padding_phone=”|20px||20px|true|true” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][et_pb_icon font_icon=”p||divi||400″ icon_color=”#00C9C9″ icon_width=”46px” _builder_version=”4.20.0″ _module_preset=”default” locked=”off” global_colors_info=”{}”][\/et_pb_icon][et_pb_text _builder_version=”4.19.2″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

3) Easy Access<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]Pastors will have the ability to maintain their personal and demographic information with Nationwide via the online participant portal. This will allow you to easily update important information. [\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

Who Should Know This?<\/strong><\/p>\n

Anyone With a Retirement Account
<\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16.0″ _module_preset=”default” background_color=”rgba(15,17,84,0.1)” custom_padding=”60px|30px|60px|30px|true|true” custom_padding_tablet=”60px|30px|60px|30px|true|true” custom_padding_phone=”|20px||20px|true|true” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][et_pb_icon font_icon=”h||divi||400″ icon_color=”#0F1154″ icon_width=”46px” _builder_version=”4.19.2″ _module_preset=”default” locked=”off” global_colors_info=”{}”][\/et_pb_icon][et_pb_text _builder_version=”4.19.2″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

4) Easier Documents<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

The 1099R will reflect the correct amount of taxable income, net of housing allowance, and no tax will be withheld on the designated housing allowance.<\/p>\n

Retirees will be required to report an annual housing allowance to Nationwide for their 1099R and tax withholding on distributions to be accurate.<\/p>\n

Details on the annual housing allowance reporting process to be released later.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

Who Should Know This?<\/strong><\/p>\n

Current Retirees. <\/strong><\/p>\n

But Kind of…<\/strong><\/p>\n

Everyone.<\/strong><\/p>\n

Life Comes at You Fast.
<\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row make_equal=”on” _builder_version=”4.20.0″ _module_preset=”default” background_enable_color=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.20.0″ _module_preset=”default” background_color=”rgba(29,78,255,0.1)” custom_padding=”60px|30px|60px|30px|true|true” custom_padding_tablet=”60px|30px|60px|30px|true|true” custom_padding_phone=”|20px||20px|true|true” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][et_pb_icon font_icon=”||fa||900″ icon_color=”#1D4EFF” icon_width=”46px” _builder_version=”4.19.2″ _module_preset=”default” locked=”off” global_colors_info=”{}”][\/et_pb_icon][et_pb_text _builder_version=”4.19.2″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Other Changes<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Variety of Funds<\/h4>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

There will be thirty (30) investment funds available.<\/p>\n

A selection of faith-based funds, target date funds, index funds and sector specific funds such as healthcare, precious metals and real estate will be available.<\/p>\n

Some of the current Empower Retirement\/Prudential funds are available with Nationwide and those funds will continue.<\/p>\n

For current investment options that are not available with Nationwide a similar investment option will be available.<\/p>\n

The details of how and when the plan assets will be transferred to Nationwide will be released later when the details are known.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Guaranteed Interest Account Rate Reduction<\/h4>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

There will be a slight decrease in the Guaranteed Interest Account (GIA) rate. Currently the GIA rate with Empower Retirement\/Prudential is 2.64% net of fees. Nationwide has offered 2.5% for twelve months with no fees. Nationwide will reset the GIA rate annually.<\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Housing Equity Account Discontinued <\/h4>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]The Housing Equity account will be discontinued. Participants with funds in the housing equity account will be contacted with options for the disposition of their Housing Equity account.[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”ff518096-fd45-48c0-8edd-f1c449eb99fb” text_font=”Roboto|500|||||||” text_text_color=”rgba(15,17,84,0.64)” text_font_size=”16px” text_line_height=”180%” text_orientation=”center” text_font_size_tablet=”15px” text_font_size_phone=”13px” text_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}”]<\/p>\n

Who Should Know This?<\/strong><\/p>\n

Everyone
<\/strong><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row make_equal=”on” _builder_version=”4.20.0″ _module_preset=”default” background_color=”rgba(0,201,201,0.1)” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.20.0″ _module_preset=”default” background_enable_color=”off” custom_padding=”60px|30px|60px|30px|true|true” custom_padding_tablet=”60px|30px|60px|30px|true|true” custom_padding_phone=”|20px||20px|true|true” custom_padding_last_edited=”on|phone” global_colors_info=”{}”][et_pb_icon font_icon=”||fa||900″ icon_color=”#00c9c9″ icon_width=”46px” _builder_version=”4.20.0″ _module_preset=”default” locked=”off” global_colors_info=”{}”][\/et_pb_icon][et_pb_text _builder_version=”4.20.0″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Important Files<\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”4.20.0″ _module_preset=”f07e4c19-df6a-4a1c-ba9b-f1eac659f65f” header_3_font=”Montserrat|700|||||||” header_3_text_color=”#0F1154″ header_3_font_size=”18px” header_3_line_height=”1.4em” text_orientation=”center” custom_margin=”||0px||false|false” header_3_font_size_tablet=”16px” header_3_font_size_phone=”14px” header_3_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”]<\/p>\n

Click to Access Important Documents<\/h4>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,1_4,1_4,1_4″ make_equal=”on” _builder_version=”4.20.0″ _module_preset=”default” background_color=”rgba(0,201,201,0.1)” custom_css_main_element=”align-items:center;” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta title=”403(b) Transition Detail Communication” button_url=”https:\/\/retirement.eccenter.com\/wp-content\/uploads\/2023\/02\/403b-tranisition-detail-communication.docx” button_text=”Download” _builder_version=”4.20.0″ _module_preset=”default” header_font_size=”20px” background_color=”#00c9c9″ custom_button=”on” button_text_color=”#00c9c9″ button_bg_color=”#FFFFFF” button_use_icon=”off” global_colors_info=”{}”][\/et_pb_cta][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta title=”Fee Disclosure 404(a)(5) Statement” button_url=”https:\/\/retirement.eccenter.com\/wp-content\/uploads\/2023\/02\/Fee-Disclosure-404a5-Statement.pdf” button_text=”Download” _builder_version=”4.20.0″ _module_preset=”default” header_font_size=”20px” background_color=”#00c9c9″ custom_button=”on” button_text_color=”#00c9c9″ button_bg_color=”#FFFFFF” button_use_icon=”off” global_colors_info=”{}”][\/et_pb_cta][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta title=”Fund Mapping Information” button_url=”https:\/\/retirement.eccenter.com\/wp-content\/uploads\/2023\/02\/Fund-Mapping-Information.pdf” button_text=”Download” _builder_version=”4.20.0″ _module_preset=”default” header_font_size=”20px” background_color=”#00c9c9″ custom_button=”on” button_text_color=”#00c9c9″ button_bg_color=”#FFFFFF” button_use_icon=”off” global_colors_info=”{}”][\/et_pb_cta][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta title=”How To Process Contributions Online” button_url=”https:\/\/retirement.eccenter.com\/wp-content\/uploads\/2023\/03\/Processing-Contributions-Online.pdf” button_text=”Download” _builder_version=”4.20.2″ _module_preset=”default” header_font_size=”20px” background_color=”#00c9c9″ custom_button=”on” button_text_color=”#00c9c9″ button_bg_color=”#FFFFFF” button_use_icon=”off” global_colors_info=”{}”][\/et_pb_cta][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ make_equal=”on” _builder_version=”4.20.0″ _module_preset=”default” background_color=”rgba(0,201,201,0.1)” custom_css_main_element=”align-items:center;” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta title=”Important – Blackout Notice” button_url=”https:\/\/retirement.eccenter.com\/wp-content\/uploads\/2023\/02\/Important-Blackout-Notice.pdf” button_text=”Download” _builder_version=”4.20.0″ _module_preset=”default” header_font_size=”20px” background_color=”#00c9c9″ custom_button=”on” button_text_color=”#00c9c9″ button_bg_color=”#FFFFFF” button_use_icon=”off” global_colors_info=”{}”][\/et_pb_cta][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta title=”Qualified Default Investment Alternative Notice” button_url=”https:\/\/retirement.eccenter.com\/wp-content\/uploads\/2023\/02\/Qualified-Default-Investment-Alternative-Notice.pdf” button_text=”Download” _builder_version=”4.20.0″ _module_preset=”default” header_font_size=”20px” background_color=”#00c9c9″ custom_button=”on” button_text_color=”#00c9c9″ button_bg_color=”#FFFFFF” button_use_icon=”off” global_colors_info=”{}”][\/et_pb_cta][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_cta title=”Summary Plan Description” button_url=”https:\/\/retirement.eccenter.com\/wp-content\/uploads\/2023\/02\/Summary-Plan-Description.pdf” button_text=”Download” _builder_version=”4.20.0″ _module_preset=”default” header_font_size=”20px” background_color=”#00c9c9″ custom_button=”on” button_text_color=”#00c9c9″ button_bg_color=”#FFFFFF” button_use_icon=”off” global_colors_info=”{}”][\/et_pb_cta][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”off|phone” admin_label=”Call to Action” _builder_version=”4.16.0″ _module_preset=”default” custom_padding=”0px||0px||false|false” custom_padding_tablet=”||0px||false|false” custom_padding_phone=”||0px||false|false” use_background_color_gradient_tablet=”off” use_background_color_gradient_phone=”off” locked=”off” collapsed=”on” global_colors_info=”{}”][et_pb_row make_equal=”on” custom_padding_last_edited=”on|tablet” _builder_version=”4.16.0″ _module_preset=”default” background_color=”#f0f3fb” width_tablet=”100%” width_phone=”100%” width_last_edited=”off|desktop” custom_padding=”||50px|50px|false|false” custom_padding_tablet=”0px||0px||false|false” custom_padding_phone=”0px||0px||false|false” background_last_edited=”off|desktop” background_enable_color_tablet=”off” box_shadow_style=”preset4″ box_shadow_horizontal=”-30vw” box_shadow_vertical=”0px” box_shadow_color=”#0F1154″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.0″ _module_preset=”44e52539-cead-43e5-bd57-eb8d3d608b93″ header_2_font=”Montserrat|700|||||||” header_2_text_color=”#0F1154″ header_2_font_size=”60px” header_2_line_height=”120%” header_2_font_size_tablet=”30px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|tablet” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” locked=”off” global_colors_info=”{}”]<\/p>\n

Attend the Next Contribution Processing Training…<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”4.19.2″ _module_preset=”596f4725-1c36-45b8-8f21-69157f74cf89″ text_font=”Roboto|500|||||||” text_text_color=”#000000″ text_font_size=”18px” text_line_height=”180%” text_font_size_tablet=”” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n

We have blocked out time specifically to answer any questions you may have. If you are confused about any part of this process, simply click the button above to schedule time to talk it out! We are here for you. <\/p>\n

[\/et_pb_text][et_pb_text _builder_version=”4.20.0″ _module_preset=”44e52539-cead-43e5-bd57-eb8d3d608b93″ header_2_font=”Montserrat|700|||||||” header_2_text_color=”#0F1154″ header_2_font_size=”60px” header_2_line_height=”120%” header_2_font_size_tablet=”30px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|tablet” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” locked=”off” global_colors_info=”{}”]<\/p>\n

…or watch it on-demand.<\/h2>\n

[\/et_pb_text][et_pb_video src=”https:\/\/youtu.be\/-arq221J1WU” _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_video][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

ECC Retirement Plan TransitionPlan your financial futureUse this page to make sure you don’t miss any important steps as we prepare to transition the 403(b)-pension plan from Empower Retirement\/Prudential to NationwideSee The ChangesScroll to the bottom of the page for detailed informationIntroductionLearn about the why and the what of the Nationwide transition.Why Transition to Nationwide […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-template-blank.php","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-12","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/retirement.eccenter.com\/index.php\/wp-json\/wp\/v2\/pages\/12","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retirement.eccenter.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/retirement.eccenter.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/retirement.eccenter.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/retirement.eccenter.com\/index.php\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":13,"href":"https:\/\/retirement.eccenter.com\/index.php\/wp-json\/wp\/v2\/pages\/12\/revisions"}],"predecessor-version":[{"id":77,"href":"https:\/\/retirement.eccenter.com\/index.php\/wp-json\/wp\/v2\/pages\/12\/revisions\/77"}],"wp:attachment":[{"href":"https:\/\/retirement.eccenter.com\/index.php\/wp-json\/wp\/v2\/media?parent=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}