403(b) Retirement Savings Plan (CBRSP)
The Christian Brothers Retirement Savings Plan is a 403(b) retirement plan which allows a participant to save for retirement on a tax-deferred basis. The employer can also contribute to the Plan through a matching and/or discretionary contribution. The employer can select from a range of eligibility and vesting options. Only employer contributions are subject to a vesting schedule. The participant has a number of investment options from which to choose, including socially responsible investment options. Administrative fees are charged in hard dollars, which is more cost-effective to the employee.
401(k) Employee Retirement Savings Plan (CBERSP)
The Christian Brothers Employee Retirement Savings Plan is a 401(k) retirement plan which allows a participant to save for retirement on a tax-deferred basis. The employer can also contribute to the Plan through a matching and/or discretionary contribution. The employer can select from a range of eligibility and vesting options. Only employer contributions are subject to a vesting schedule. The participant has a number of investment options from which to choose, including socially responsible investment options. Administrative fees are charged in hard dollars, which is more cost-effective to the employee.
403(b) and 401(k) Retirement Savings Plans – Open Architecture System
Christian Brothers Retirement Planning Services also offers an open architecture system for our 403(b) and 401(k) plans, which provides an employer the flexibility to design their own investment line-up, either on their own or in consultation with an investment professional. The advantage in choosing Christian Brothers Retirement Planning Services for the unbundled approach is we have negotiated an extremely competitive recordkeeping cost structure with Vanguard, without requiring the use of their investments. We have also established a group trust through a major financial institution, one of the largest trustees/custodians in the world, which provides the legal structure for the Plan at no additional cost. As an employer, you also receive the best-in-class service that Christian Brothers Services has been providing to Catholic employers for over 50 years and world-class record keeping provided by The Vanguard Group.
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