Personal Investment Plan (PIP) | Wespath Benefits & Investments

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

Who Can Participate?

PIP 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 PIP Work?

PIP 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 PIP account among Wespath funds or use LifeStage Investment Management to manage the investment of your account. Learn more about automatic features of PIP, 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 PIP Enrollment Kit. If your plan sponsor does not have an Enrollment Kit, you may contact us to request the kit. After you’re enrolled, you can register for Benefits Access and view your account information online.

*PIP was previously known as the United Methodist Personal Investment Plan (UMPIP).

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.

PIP