Not-For-Profit Plans
A Not-For-Profit plan lets employees save for retirement by reducing current salary on a before-tax basis. It can be used with profit-sharing, money purchase, Defined Benefit, and Nonqualified plans.
We're committed to providing our clients with the industry expertise they need to understand and comply with the ever-changing industry regulations.
What are the advantages of a Not-for-Profit retirement program?
- It helps recruit and keep quality employees
- It helps participants build retirement security
- It is mostly funded from dollars paid as salary
Employee advantages
- Save for retirement through easy payroll deduction
- Choose the amount they want to save
- Change the amount saved to meet current needs
- Reduce their taxable income
- Defer taxes on the amount saved and its earnings until the retirement plan pays benefits
Let our experience work for you
As a leader in the Not-For-Profit industry [1], we have depth and breadth of experience in developing retirement plan services to meet your needs. Our consultants also have expertise in:
- Understanding the intricacies of tax exemption, its effect on the Not-For-Profit culture, and ERISA and fiduciary complexities
- The 403(b) Regulations and F5500 reporting requirements as they apply to retirement plans for tax-exempt organizations
See how plan services benefit everyone
As a plan sponsor for a Not-For-Profit plan, both you and your participants will have access to premium service and solutions. Details
Already working with a Third-Party administrator?
You can also unbundle your retirement plan services with The Principal to help meet your individual needs.
- Find out how these regulations affect plan sponsors and see what actions could be considered. (PDF: 300 KB)
- Get guidance on 403(b) plans and associated fiduciary concerns in the analysis of 403(b) rules applicable to plans, sponsors and their officers white paper. (PDF: 192 KB)
- View 403(b) compliance guides and related research papers from The Principal.
