The value and importance of human labor is a well-wrought subject within Catholic teachings throughout the centuries.
The Catechism further tells us, "Work honors the Creator's gifts and talents received from Him."
Those who have worked for the Church, its global missions and
ministries, have woven themselves into a centuries-old tapestry
that continues to reveal the beauty, mercy and glory of God. And
through their toil, corporal works permit the glorification of God, the
sanctification of the giver, and the evangelization of the recipient. It is a
magnificent story—one that continues to unfold each day.
The Catholic Church has moved mountains through global ministries
over the centuries. Her imprimatur on healthcare and education is
undeniable, as billions have benefitted from the storied institutions
built from impassioned ministries—and they continue as we speak.
Well-honed standards and practices have led to advances for the elite
and the poor alike.
It is a proud history for the Church—made possible through the
collaborative effort of the faithful who have placed their call to serve the
Church at the forefront of their work.
The time has come for us to prioritize helping those who serve the
Church. What you give to others through your ministries, you also need to give to yourself and your employees.
Best Practices Lead to A Better Outcome
You may currently have in operation one or more retirement plans
that more or less do the job, but have their own inherent complexities
that may not be in keeping with up-to-date best practices. "If you
have seen one church plan," observes Rod Crane of TIAA-CREF,
"you have seen one church plan." As Director of Institutional
Client Relations, Public Sector Market at TIAA-CREF, Rod has seen
hundreds of plans, and each one is unique.
It is challenging to operate ad hoc plans. Chances are that the details
involved feel overwhelming, and when this happens, a common
human response is to procrastinate even when you know you need
to take action. Inaction leads to not being able to "see" the end goal
which is to provide a secure retirement for your workers who
commit to the Church and its ministries.
It is important to know that there is a clear way to mold these disparate
pieces into a plan with a purpose – a plan that operates in the best
interests of participants, not only because they deserve it, but also
because the plans themselves require that they be operated this way.
Investing for Catholics (IFC) participates in the TIAA-CREF Retirement Advisory Alliance. Learn more about this relationship.
IFC as Your Fiduciary and Investment Advisor
Fee-only Fiduciary Services contractually indemnifying plan trustees against liability for selection, monitoring and replacement of funds in the plan—ERISA 3(38) designation
Low-Cost Investments that are faith-consistent and passive
Open-Architecture Offering that allows IFC to choose lower-cost investment options and to build asset allocation models that can be implemented with faith-consistent funds whose returns are expected to vary little, if at all, from their non-screened counterparts.
Establishment and Maintenance of the Plan's Investment Policy Statement
Quarterly Investment Monitoring Report
Customized Communication and Educational Tools, including a dedicated plan website with subject-specific video modules, ongoing participant communications, and a suite of tools including a risk capacity survey, a retirement analyzer and returns calculator
Easily-investable Asset Allocation Models, including risk-based, lower-cost, pre-built portfolios that can be implemented in a faith-consistent manner
On-site Plan Sponsor Meetings and Participant Visits to fully engage participants and advance increased participation and savings rate