United Methodist Personal Investment Plan (UMPIP)

The United Methodist Personal Investment Plan (UMPIP) is a 403(b) retirement savings plan offered by your employer and administered by Wespath to help you save money for retirement. UMPIP is designed to provide one piece of your overall retirement portfolio.

Who Can Participate?

This plan is available to employees of The United Methodist Church, General Agencies and other Church-related organizations that sponsor the plan. Contact your employer about eligibility requirements.

How Does UMPIP Work?

UMPIP is an individual account plan. This means you can make contributions as a percentage of your compensation through payroll deduction or in flat-dollar amounts up to Internal Revenue Code limits. You may choose to make before-tax, Roth and/or after-tax contributions through payroll deductions. In addition, your employer may contribute to your retirement account on your behalf. (Contribution rates may vary for each employer.)

You can invest your UMPIP account among Wespath funds or use LifeStage Investment Management to manage the investment of your account. Learn more about automatic features of UMPIP, how to elect or change UMPIP personal contributions and how to read your account statement.

How Can I Get Started?

Contact your plan sponsor to request a UMPIP Enrollment Kit. If your plan sponsor does not have a UMPIP Enrollment Kit, please contact us to request the kit. After you’re enrolled, you can access account information online through Benefits Access or call a Wespath representative at 1-800-851-2201.

Benefit Bites: The United Methodist Personal Investment Plan (UMPIP)

What is UMPIP? How does it work? What are your options and resources? Learn the answers to these questions and more in this short video.

Benefit Bites: UMPIP When You Retire

What happens to your United Methodist Personal Investment Plan (UMPIP) account when you retire? What about required minimum distributions? This video answers these questions and outlines your distribution options.

Benefit Bites: Rollovers into UMPIP

What is a rollover? What can and can't be rolled over? What is the rollover process? What are the advantages to rolling funds over? Learn the answers to these questions and more in this short video.

Personalize and Customize Your UMPIP: Q1 2023 Webinar

This 45-minute educational session provides an overview of UMPIP, a 403(b) retirement savings plan that you can personalize to align with your retirement income goals. Whatever your age, whatever your salary, you’ll learn how you can personalize UMPIP for your best future. Recorded March 21, 2023

Savings - The Game

Once you make saving a habit, it gets easier to build your financial future without changing your lifestyle. Even small amounts set aside today can lead to significant savings over time.

Understanding Retirement Plans

This video explains the difference between defined benefit (DB) and defined contribution (DC) retirement plans.

UMPIP