Non-Profits

Retirement plans for Mississippi non-profits.

Churches, schools, hospitals, and 501(c)(3) organizations have plan options built for their tax status — plus access to SECURE 2.0 startup credits.

403(b) Plan

501(c)(3) organizations, public schools, hospitals, and churches.

Contribution limits: $23,500 employee deferral (2025) + $7,500 catch-up at 50+.

•Similar to a 401(k) but designed for non-profits and schools.
•Can be structured as ERISA or non-ERISA (church plans).
•Employer match and non-elective contributions allowed.

SIMPLE IRA

Non-profits with 100 or fewer employees.

Contribution limits: $16,500 employee deferral (2025) + $3,500 catch-up.

•Required employer match (up to 3%) or 2% non-elective contribution.
•Lower administrative overhead than a 403(b) or 401(k).

Which plan fits your organization?

• Under 100 staff, tight budget: SIMPLE IRA keeps setup and admin costs low.
• Want higher savings limits and employer match: 403(b) with a light-touch recordkeeper.
• Church plan: a non-ERISA 403(b) avoids Form 5500 and audit costs.

Fiduciary basics

• Board or plan committee is the named fiduciary — document decisions in meeting minutes.
• Benchmark provider fees every 3 years; keep the file.
• Review investment lineup at least annually against a written policy statement.
• Deposit employee deferrals as soon as administratively possible (never later than 15 business days after month-end).

SECURE 2.0 startup tax credits

Non-profits with unrelated business income tax (UBIT) can use SECURE 2.0 startup credits the same way for-profit small businesses do. Even without UBIT, adopting a plan is often free after provider bidding, and staff retention improves measurably in the first year.

IRS: plans for tax-exempt orgs →DOL fiduciary guide Shop & compare providers

Need help choosing a path?

Tell us your situation and we'll email back a tailored recommendation within three business days.

Talk to an advisor