LCMC Retirement Plan – What Church Councils/Boards Should Know

It is the congregation’s––more importantly, lay leadership’s––responsibility to ensure that their pastors and families are cared for properly. Planning proper compensation and benefits for those who serve the church is an important task. Every church should see that the pastors and staff have adequate salary and retirement benefits established. The LCMC 403B Retirement Plan is a great vehicle for ... [...]

LCMC Retirement Plan - Designate a Beneficiary

Naming a beneficiary for your retirement account is an important task and should be completed as soon as you enroll.  It will mean probate, attorneys’ fees, and other costs associated with settling estates are avoided.  If you are married and would like someone other than your spouse as your primary beneficiary, your spouse must sign and witnessed by a notary public.  A trust may be named as a beneficiary.  You ... [...]

New Retirement Plan App

The LCMC 403(b) Retirement Plan now has a new app for your mobile device that will allow you easy access to your account. To download the app, go to www.oneamerica.com/mobileapp.   Participants can register and log into the app using the same username and password as their account. Call OneAmerica at 1-800-858-3829 with questions.  Let them know you are with LCMC, plan #963003. [...]

LCMC 403(b) Retirement Plan Update

The Retirement Plan has added new Roth provisions as well as 2 new investment fund options.   Roth Provisions:  Roth After-Tax Contributions:  Participants may contribute Roth after-tax contributions to their plan account.  With Roth contributions, the dollars going into the plan have already been taxed, thus, no tax when withdrawn at retirement. Earnings of Roth contributions are tax-free when withdrawn at retirement ... [...]

Socially Responsible Fund Update

We recently added an additional investment option in the LCMC retirement plan.  Many people want to invest their money according to the values that drive other decisions in their lives.  And subsequently, I’ve been asked by some participants in the plan about socially conscious investing.There is an entire subset of the investment industry called socially responsible investing.  I became initially interested in this over ... [...]


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