Retirement Plan Investment Options

Whether a participant prefers to rely on investment via FCMM-provided funds), to self-manage through mutual funds, or some combination, the Retirement Plan offers a wide selection of options.

FCMM-Provided Funds - Options C, D, E

Option C

FCMM-PROVIDED: Conservative Growth with Annuity Benefit Fund

This fund is managed by investment advisors selected and overseen by the Trustees of FCMM. The investment strategy is geared to build consistent, long-term growth through professional asset allocation planning.

Option C is designed to even out market swings and to provide lifetime monthly income benefits ("annuity"benefit). The monthly benefit is determined by a number of factors including the overall value of the participant's account, his or her age (and possibly a spouse’s age), and the type of payout that is chosen.

The earnings rate is determined by the Trustees of FCMM. See Form 40 Performance Report for the current earnings rate.

Because of the long time horizon, this fund is not recommended for those who want to move money around. Funds cannot be transferred to other Options, with limited exceptions. Funds moved out of Option C to other Options are not eligible to be moved back into Option C. At retirement time, a participant may apply 100% of the value of this fund toward a monthly income benefit. Alternatively, a distribution from this Option may be taken as a lump sum, but will be subject to market adjustment at the time of distribution.

See for more information about Option C.

Option D

FCMM PROVIDED: Moderate Growth Stock Fund

This fund is a “collective fund” stock portfolio managed by investment advisors selected and overseen by the Trustees of FCMM. It is generally more aggressive in approach than the Conservative Growth with Annuity Benefit Fund (Option C). It offers the potential of a greater average return throughout the years than Option C, while also carrying a greater risk factor for loss for the participant. The value of this account is more volatile in moving with market trends and more difficult to estimate long term.For the participant who likes some portion of investments to "ride" with the stock market, this fund can provide the benefit without requiring specific equity investment decisions.

Option E

FCMM PROVIDED: Diversified Bond Fund

This collective fund invests in a broadly diversified bond portfolio consisting of short, intermediate, and long-term municipal, federal, foreign, and high-quality corporate bonds. It is managed by investment advisors selected and monitored by the Trustees of FCMM.

Option E can gain or lose value depending on the economic climate. Bond funds are subject to interest-rate risk, which means that bond rates move in the opposite direction of interest rates. When interest rates rise, the price of existing bonds and bond fund shares generally will decline. Conversely, when interest rates fall, the price of bonds and bond fund shares generally will rise. For the participant who would like some portion of investments to track with the bond market, this fund provides the benefit without requiring specific bond or bond-fund investment decisions.

Options F, G & J

MUTUAL FUNDS: Self-Selected Mutual Funds

This option allows a participant to self-direct employer and employee contributions to mutual fund choices managed by American Funds (Option F), Vanguard Funds (Option G), and/or Biblically Responsible Funds including Timothy Plan and GuideStone (Option J). Those who invest in mutual funds through FCMM pay no up front load fees.

Most asset classes of investments are availble through the mutual fund families, including target-date funds. (Target-date funds are managed for a diminishing level of risk as the retirement target date approaches.)

Investors in American Funds and/or Biblically Responsible Funds may obtain objective financial counsel from FCMM's advisory service. The Vanguard Funds option is designed for the advanced investor who makes his or her own investment decisions or who works with a professional adviser. American Funds and Vanguard Funds are not screened for moral issues. The Timothy Plan and GuideStone funds are highly respected leaders in the Biblically-Responsible Investing arena.

Download selection forms (Form 04, 05, or 07) for the respective mutual fund Options to review the specific funds available.

For prospectus and detailed information, see American Funds, Vanguard Funds, Timothy Plan Funds, or GuideStone Funds.

Option H

ADJUSTABLE FUND: Adjustable Rate Investment

This option allows participants to invest in an adjustable interest rate Investment Certificate with Christian Investors Financial (CIF). The rate can be adjusted by CIF the first of any month.

CIF is the EFCA-affiliated provider of ministry capital financing, capital campaign coaching, and church consultation. In addition to earning a competitive rate of interest and providing for capital preservation, a participant's investment helps expand EFCA ministries.

CIF pays administrative fees to FCMM, so there are no fees paid by the participant on funds invested in this option. Prospective investors should refer to CIF’s current Offering Circular for risk factors and other information needed to make an informed investment decision. Current interest rate information ["403(b)(9) rate"] is available at

Clergy credentialed participants are eligible for the “housing allowance” tax benefit on accumulated retirement benefits paid from any of the above investment selections.