As a holding company to our affiliate ministries, Covenant Ministries of Benevolence serves as the plan administrator for several retirement plans. Many participants in these plans are still employed and are actively contributing toward their retirement in Defined Contribution Plans with employer matching programs. Other participants in these plans have faithfully served CMB affiliates and are now in retirement. Though CMB has offered many plans since the mid-1960s, the largest plans are the following:
The Evangelical Covenant Church Retirement Plan (ECCRP) is a Defined Benefit Plan, meaning only the employer makes contributions to the plan. The plan began in 1968 and was frozen by 2013. CMB continues to monitor investments in order to ensure the thousands of retirees in this plan are well cared for throughout their life.
The 403(b) Defined Contribution Plan is funded by both the employee and the employer. CMB’s current plan offers a match from the employer once fully vested.
If you are a participant in the ECCRP pension and have questions, please contact:
CMB Pension Center at Gallagher (844) 243-5219 Monday-Friday, 9am-5pm CST Email
If you are a participant in the Corebridge 403(b) (formerly VALIC) and have questions, please contact your rep here:
Client Care Professionals at Corebridge (800) 448-2542 Monday-Friday, 7am-8pm CST Website