• Partnering with Wespath Institutional Investments
• Communications to Participants
• Adoption Agreements for 2023

Partnering with Wespath Institutional Investments

If organizations in your conference are looking to invest their endowment assets, look no further than Wespath Institutional Investments, a Wespath subsidiary that provides mission-aligned investment services for Methodist institutional investors. This brief video shares more.

Communications to Participants

This week we sent an age-targeted invitation to attend the June 22 UMPIP webinar to both lay and clergy. The lay version featured additional articles about retirement savings and EY Financial Planning Services. Click here to view the lay version targeted to the 50+ age group.

Adoption Agreements for 2023

If your annual conference meeting will occur before the end of June, we request that you adhere to the normal annual timing for submitting 2023 adoption agreements to ensure fall actuarial reports reflect the final 2023 Past Service Rates (PSR). If the rates are not final due to a delayed annual conference meeting, please send an email to your Client Relationship Manager by June 28 indicating the estimated PSR that you want Wespath to use for the actuarial valuation, then submit the adoption agreement later with your PSR that was confirmed at annual conference.

Please complete and submit the following documents:

• By June 10: Grant Continuation and Approval Report, which was e-mailed to conferences in early May.
• By June 28: Adoption Agreement Supplement One—CRSP (Pre-82 Plan), indicating the PSR and Contingent Annuitant Percentage for 2023 that were approved at annual conference, even if they have not changed from the 2022 rates. If your annual conference meeting is delayed past the end of June, send an email with the expected PSR to your Client Relationship Manager by June 28.

To facilitate the adoption agreement process, we have created an electronic version of the Pre-82 Plan Adoption Agreement for you to sign electronically through Adobe Sign. Please refer to the instructions for completion. If you have any questions or issues with completing this document, contact your Client Services Manager. Once your conference's funding plan is approved, your adoption agreement will be signed electronically by Wespath representatives, and you will receive an email containing a PDF of the fully executed adoption agreement for your records.

• By July 30: Your Comprehensive Benefit Funding Plan, which you can access in Benefits Access.

If you are making changes to CRSP or UMPIP for 2023, complete and submit:

• By June 28: Adoption Agreement for the Clergy Retirement Security Program (CRSP), indicating annual conference elections for part-time and full-time clergy effective January 1, 2023.
• By June 28: Adoption Agreement for Conference Sponsorship of Clergy in the United Methodist Personal Investment Plan (UMPIP), indicating annual conference elections for UMPIP sponsorship (participant and/or plan sponsor contributions) for clergy effective January 1, 2023*.

If you are not making changes to CRSP or UMPIP, you do not need to submit adoption agreements for those plans for 2023; your current elections will continue to apply.

If you need assistance, please contact:

• Your Client Services Manager with questions about the conference adoption agreements.
• Josh Lunsky, Benefits Determination Supervisor, at 1-847-866-4577 or jlunsky@wespath.org with questions about the grant report.

*If your annual conference is interested in adopting UMPIP Automatic Features for the first time effective January 1, 2023, please contact Sue Peterson at 1-847-866-4229 or speterson@wespath.org.

---

Copyright © Wespath Benefits and Investments,
a general agency of The United Methodist Church
Share your suggestions and comments about On Board Express