United Methodist Personal Investment Plan
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.
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.
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 and/or Roth 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.
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.
Video: UMPIP Webinar
This United Methodist Personal Investment Plan (UMPIP) Webinar was recorded on July 31, 2019.
Video: 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.
Video: Understanding Retirement Plans
This video explains the difference between defined benefit (DB) and defined contribution (DC) retirement plans.
We have updated our website with a new look and made it simple to navigate on any device.
We will continue to add more valuable information and features. Please let us know how we are doing.
P.S. For institutional investors, we have a new look for you too. Check out the updated Wespath Institutional Investments website.