Retirement

Retirement. Planning for Your Future.

The Foursquare family believes in helping you secure your future. The Foursquare Retirement Plan has been strategically structured to help Foursquare ministers and employees prepare financially for retirement.

The sections that follow will provide details of the Foursquare Retirement Plan, including asset allocation models and an investor profile quiz that will help you determine the most appropriate way to invest your funds. This is just one of the ways that the Foursquare family is helping ministers and employees finish well.

What are the retirement plan eligibility requirements?

The Foursquare Retirement Plan is available exclusively for U.S. Foursquare licensed ministers and compensated lay employees of the following Foursquare employers:

  • Local Foursquare churches in the United States
  • Foursquare Bible colleges in the United States
  • The Foursquare central office, district offices and camps
  • Foursquare evangelists and chaplains

Tell me about the Foursquare retirement plan.

How do I make contributions toward retirement?

A Monthly Data Report must be submitted to Foursquare Retirement Services for all participants who elect to have deductions from payroll, and/or for churches that elect to make contributions on behalf of their employees.Click below to download contribution transmittal guidelines for details and instructions on how to submit your monthly contributions.Description of Contribution Categories(PDF, 2 MB)Contribution Transmittal Guidelines (PDF, 360 KB)

What are the IRS limits for 2017?

Elective Deferrals. Voluntary Contributions deducted from your paycheck on a pre-tax basis:

  • The lesser of $18,000 or 100% of includable income

Overall Limit. Includes any elective deferrals (pre and after-tax) from pay, plus any non-elective (employer) contributions (church matching and/or discretionary amounts) and the Foursquare Corporate Funding Arrangement:

  • The lesser of $54,000 or 100% of includable income

Age 50 (and above) Catch-up Provision. If you are or will be age 50 in 2017 you may make up to an additional $6,000 in pre-taxed Elective Deferrals.

Please consult your accountant and/or financial advisor for details on the IRS Limits and how they apply to your personal situation.

Retirement Plan Information and Forms

Salary Reduction Agreement
Use this form to advise your payroll supervisor of an elective deferral—you do not need to submit this form to Foursquare Retirement Services or to Lincoln Financial Group. Print the Contribution Transmittal Guidelines (PDF, 360 KB, 3 pages) and contact Foursquare Retirement Services if you have questions on the procedures for remitting and reporting your payroll deductions. Salary Reduction Agreement(PDF, 132 KB)Use this form to rollover or transfer eligible funds into the Foursquare Retirement Plan. Before you complete the forms, e-mail Foursquare Retirement Services to determine that the funds are eligible to rollover/transfer under current tax laws and Plan provisions.Rollover/Transfer Request (PDF, 151 KB)

Note:Use these forms only if you have already received a Plan Enrollment Kit. Please if you have questions, or if you need enrollment kits.

How do I access my Foursquare Retirement Plan account online?

To create a user name and password for your online account, visit www.LincolnFinancial.com and follow these steps. If you would like assistance to access your online account, please contact Lincoln’s customer service at 800.234.3500.

Can Foursquare help me with my investment decision?

An independent investment consultant under the guidance of the Foursquare Investment Committee has evaluated your retirement plan’s investment options to develop six asset allocation models for participants who are unfamiliar with investing.For more information, download the Asset Allocation Models and the Investment Model Options brochure, which includes an Investor Profile Quiz (PDF, 690 KB) Asset Allocation Models (PDF, 795 KB)

Do you have any resource recommendations?

The following websites offer free retirement planning tools and investment information:

Can I receive a distribution as a ministerial housing allowance?

As a licensed minister, you are eligible to receive a distribution as a ministerial housing allowance up to the IRS limit (qualified housing expenses up to the fair rental value of your home). Please consult with your tax advisor to help you determine your maximum housing allowance.

Contact us

Foursquare Retirement Services is here to help you with all your retirement needs! Here are a few things that we can assist you with:

  • Enrollment Materials
  • Account Information
  • Rollover Request
  • Distribution Request
  • Beneficiary Changes
  • Address Changes
  • Fund Allocation

Please email us at retirement@foursquare.org or call us at our toll free number 888.635.4234 and ask for retirement.