401(k) plan archdiocese of cincinnati employee benefits
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As the Roman Catholic Archdiocese of Cincinnati, we are witnesses of God’s love for all people. We invite, welcome and support each other to discern and respond to God’s plan for each of us so that we may all experience the fullness of life that Jesus promises.
Can the Archdiocese suspend the 4% safe harbor contribution?
The Archdiocese reserves the right to amend the Plan during the plan year to reduce or suspend the 4% safe harbor contribution, with the reduction or suspension not applying earlier than 30 days after all eligible employees are provided notice of the reduction or suspension. EXAMPLE 1: Jane Doe has annual compensation of $20,000 in 2022.
Are You no longer eligible to participate in the priest retirement fund?
8 If you are a Diocesan Priest who either begins receiving or is eligible to begin receiving pension payments from the Priest Retirement Fund, you are no longer eligible to participate in this Plan.