Retirement Plans

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. As of March 2025, administration of the plan transferred to Nationwide insurance company. CMB fully funded the plan prior to the transfer to guarantee all benefits. For information about your benefit, participants should contact the Nationwide Pension Transfer Service Center (contact information below). Those already receiving their pension benefit are now receiving their benefit from Nationwide with no change to the amount or form of their payments.
• 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.

All other questions can be directed to CMB at info@cmb.org or by using our contact form.