18,000 ministers, missionaries and lay employees of churches are walking with MMBB on their journey to and through retirement.
We serve churches and church-related organizations from 15 denominations, plus hundreds of independent churches.
Over the last 30 years, MMBB members’ replacement income has averaged 84%* of pre-retirement income.
* Lifetime members in the Comprehensive Plan
Our members entrust us to manage over $2.5 billion on their behalf.
Personal financial planning with our Wealth Management team is a benefit of membership for 100% of our members.
5,000 churches and church-related organizations currently choose MMBB to provide affordable employee benefits.
MMBB has paid out more than $250 million in grants, subsidies and emergency assistance as part of our Christian ministry.
As both a ministry and a financial organization, MMBB Financial Services understands the importance for a faith-based organization to recruit and retain top staff. We understand how important it is for the staff of faith-based organizations to feel financially secure so they can put their full effort into the ministry.
That’s why our plans have been tailored to be affordable and flexible. No matter the size of your budget, MMBB Financial Services offers plans that meet your needs.
Our Comprehensive Plan combines a 403(b)9 retirement income account with life and disability benefits. Through this one solid program your staff can enjoy peace of mind during their working years and greater financial security in retirement.
This program includes:
As an employer-paid program, monthly premiums are based on a percentage of annual compensation, which can range from 10% to 20%.
Employees can contribute to their retirement plan through the Member Contribution Plan.
This plan offers the benefits of flexibility and affordability. We can match a current plan or help you construct a brand new plan that is tailored to meet your needs.
All of this adds up to a plan that is easy to start, can fit your budget, and can grow with you as your benefits needs grow and change over time.
Very few of us can enjoy the retirement we want without personal savings. The Member Contribution Plan (The Annuity Supplement (TAS)) allows staff to contribute to their own retirement. Social Security benefits and the contributions employer contributions to your retirement account may not be enough to maintain your standard of living in retirement. Even small member contributions made over time can significantly increase your retirement income.
Through the Member Contribution Plan, you can contribute to your retirement on a pre-tax basis through easy payroll deduction. This means that you do not pay taxes on your contribution until the money is withdrawn. You can also rollover funds from existing retirement accounts into your MMBB account.
You decide how much you want to contribute up to IRS limits. You can contribute a percentage of your salary, a specific dollar amount, or make occasional contributions.