NWPS Hired by Church Plan with 4,200 Participants

Northwest Plan Services is thrilled to report the successful sale, conversion and go-live status of the Church of the Brethren Benefit Trust 403(b) plan.  NWPS will oversee some $375 million in retirement assets, covering nearly 4,500 participants.  The conversion was particularly demanding as the plan is a Multiple Employer Plan, yet was record kept by Empower as individual plans, limiting needed reporting.  During the conversion, NWPS consolidated the plans into a true, singular defined contribution plan.  The size and scope of the work has piqued the interest of the industry media, including 401kWire.com who reports on it here.