Plan Member Benefits

As a participant in the Plan, you are entitled to a range of benefits designed to help you save for a secure retirement. The key benefits are as follows:

  1. Pre-tax Contributions

    Contributions are made to the Plan on a pre-tax basis, which lowers your taxable income.
  2. Tax-deferred Earnings Accumulation

    Your account has the added potential to grow faster than saving outside the Plan because your interest and earnings are not subject to income tax while in the JRB.
  3. Clergy Housing Allowance in Retirement

    Withdrawals made by retired clergy are tax-free when used towards a housing allowance.
  4. Quality Investment Choices

    JRB carefully selects and monitors each of the Plan’s investment offerings to ensure that they meet the investment objectives of participants. These offerings include mutual funds, a stable value account and Israel Bonds.  You can learn more about your Plan investment choices here.
  5. Complimentary Financial Consultation

    Have you just begun saving for retirement? Do you want to know if you are on track to achieve financial security? Are you having difficulty balancing competing financial priorities? Then contact the JRB today to set up a Financial Consultation to discuss these, and other concerns, you may have. Learn more.
  6. Complimentary Disability and Life Insurance coverage

    Contribute just $1,200 per year to your retirement account and receive free disability insurance, term life insurance and pension continuation insurance. Click here to learn more.
  7. Changing Investments Is Simple

    Generally, you may change the mix of account holdings at any time at no charge.  This is important because you may periodically adjust your investment mix to reflect changes in your personal financial situation.
  8. 24/7 Account Access

    You have immediate access to your JRB account at all times through the website.  You also can call us on our toll-free number 888-JRB-FREE (888-572-3733) during business hours.
  9. Borrowing from Your Account

    You can take a loan from your account for personal financial reasons. To learn more about loans, click here.
  10. Flexible Distribution Options

    The Plan offers a number of ways to take withdrawals from your account at retirement.  You  can take distributions monthly, quarterly, or annually, or on a schedule that meets your individual financial needs.

  11. Account Protection

    The assets in your account belong to you, are for the exclusive benefit of you or your designated beneficiaries, and are shielded from creditors.
  12. Low Plan Fees

    As a not-for-profit organization, the JRB imposes a nominal annual fee of 32 basis points (less than 1/3 of 1%) to cover the cost of administering the Plan. This is substantially lower than the retail market charges.