About The United Methodist Personal Investment Plan

The United Methodist Personal Investment Plan (UMPIP) plan provides a retirement savings plan for eligible clergy and employees of The United Methodist Church and affiliated organizations.

UMPIP is a defined contribution retirement plan. You may make tax-deferred contributions through payroll deductions. Your contributions, and any contributions your plan sponsor may make on your behalf, comprise your retirement account balance. Your account accumulates earnings from investments among the Wespath Benefits and Investments selection of funds.

Who is Eligible?

You are eligible to participate in UMPIP if you are Clergy or Laity of a UMPIP plan sponsor and you meet certain eligibility requirements established by your plan sponsor. Your plan sponsor will offer you an opportunity to enroll once you are eligible to participate.

The local church is the plan sponsor for clergy and laity within the church. For Clergy appointed to an Extension Ministry, the employer may become the plan sponsor and therefore will be responsible to enroll eligible participants. Wespath Benefits and Investments will send out a monthly bill directly to the plan sponsor for those participants enrolled in the plan.

For additional information regarding UMPIP, please download UMPIP Brochure below.

Election Changes for 2018

During Church Conference season, participants may be thinking about enrolling or increasing the UMPIP elections for 2018.  Clergy designating an amount on the Clergy Compensation and Expense Report must complete a UMPIP Contribution Election Form for enrollment into the plan or for the new election to be effective January 1, 2018.  Simply designating an amount on the Clergy Compensation and Expense Report does not trigger an enrollment/change in the plan.  The Contribution Election Form must be completed and signed by the pastor and a church representative.  Churches may submit completed Contribution Election Forms directly to Wespath Benefits and Investments, 1901 Chestnut Avenue, Glenview, IL 60025.

Downloads

  • Wespath Benefits and Investments Investing Opportunities

    Wespath Benefits and Investments Investing Opportunities

    The LifeStage Investment Management Service, offered by Wespath Benefits and Investments, is an investment management tool that determines your investment fund allocation based on your age, your Wespath account balances, expected Social Security benefits (if applicable) and the answers to your LifeStage Personal Investment Profile. You may complete your own investment profile in Part 3 of the Investment Election Form or you may use the LifeStage Investment Management Service default investment profile. Please refer to the brochure for Wespath Benefits and Investments Investing Opportunities for more information.

  • Wespath Investment Election Form

    Wespath Investment Election Form

    This form notifies Wespath of participant investment elections (or changes) for defined contribution retirement plan accounts.

  • UMPIP Brochure At-a-Glance

    UMPIP Brochure At-a-Glance

    The United Methodist Personal Investment Plan (UMPIP) is a retirement plan administered by Wespath Benefits and Investments - the largest denominational pension fund in the world. UMPIP is designed to provide one piece of your overall retirement portfolio.

  • UMPIP Contribution Election Form

    UMPIP Contribution Election Form

    This form authorizes the plan sponsor/salary-paying unit to deduct a specified amount/percentage from the participant’s pay to be contributed to the United Methodist Personal Investment Plan (UMPIP) on a before-tax, Roth or after-tax basis (for contributions on or after January 1, 2017). Completed, signed form is returned to the plan sponsor/salary-paying unit.

  • Designation Form of Beneficiary for Retirement and Welfare Plans-Participant

    Designation Form of Beneficiary for Retirement and Welfare Plans-Participant

    Use this form to designate your beneficiaries.

  • Roth Contribution Guide

    Roth Contribution Guide

    The United Methodist Personal Investment Plan (UMPIP) and Horizon 401(k) Plan (Horizon) will begin accepting Roth contributions from eligible clergy and lay employees beginning in 2016. UMPIP will allow participants to make before-tax, Roth and after-tax contributions. Horizon will allow participants to make before-tax and Roth contributions.

Questions in regards to UMPIP may be directed to:

Alexa Taylor

Insurance and Benefits Manager

Alexa oversees the operations of Health, Pension, Property & Liability Insurance, and Worker’s Compensation.   She ensures that enrollments, change of appointments, billings, and retirements are processed. In her spare time Alexa enjoys reading and listening to music.