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Benefits October 30, 2008
AUL Selected as 403(b) Provider for Evangelical Lutheran Church
October 30, 2008 (PLANSPONSOR.com) - The Retirement
Services division at the American United Life Insurance
Company (AUL), a OneAmerica company, announced that the
Wisconsin Evangelical Lutheran Synod (WELS) and the
Evangelical Lutheran Synod (ELS) have selected AUL Retirement
Services as their new voluntary 403(b) plan
provider.
Reported by Rebecca Moore
According to the announcement the WELS/ELS arrangement is a team effort between AUL Retirement Services, national retirement consulting and administrative firm Goldleaf Partners, and one of AUL’s general agencies, the Hahn Financial Group, Inc. It will allow Church employees to designate a percentage of their salary into a selection of retirement funds on a pre or post-tax basis.
AUL will also provide Church employees with investment education.
WELS is the third largest Lutheran church body in America and operates four ministerial education schools. The Evangelical Lutheran Synod was formed when, in 1917, the Norwegian Synod merged with two other Norwegian Lutheran groups and formed the Norwegian Lutheran Church of America, later named the Evangelical Lutheran Church.
“We look forward to helping WELS/ELS employees save for retirement with a level of service, spirit and dedication that we hope will last for many years,” said Bill Yoerger, senior vice president for AUL Retirement Services, in the announcement.