• Timely Updates Help Your Participants
• Participant Communications
• 2023 Clergy Well-Being Survey
• Q4 Market Takeaways and 2022 Review Video
• Wespath Holiday Closing—Martin Luther King Jr. Day

Timely Updates Help Your Participants

Please be timely with your participant-related updates in Benefits Access effective January 1, 2023, as this data is used for actuarial valuations performed in 2023 for 2025 contributions. These updates are critical because:

• January 1, 2023, pay rate changes in Benefits Access impact the 2025 Denominational Average Compensation (DAC). If this data is not current, the DAC will not be current.
• Updates to appointment percentages for January 1, 2023 impact the 2023 actuarial liabilities and the resulting 2025 contributions.
• Timely updates of 2023 compensation will ensure January billing (CRSP, CPP and UMPIP) is accurate. Please update 2023 compensation no later than January 18, 2023.

Questions? Please contact your Client Relationship Manager or Client Services Manager.

Participant Communications

January 12 through 13, we are sending an eblast to participants who elected digital quarterly statements that their 4th Quarter statement is available in Benefits Access. In addition, this eblast included links to learn more about the SECURE Act 2.0 implications for retirement plans and view a video providing major investment news from 4th quarter 2022, key themes from 2022, and what investors will be watching in 2023.

2023 Clergy Well-Being Survey

Within the next few weeks, 5,000 clergy (representing a cross-section of active U.S. United Methodist clergy by jurisdiction, age, gender, race/ethnicity and clergy type) will receive an online survey via email from Versta Research on behalf of Wespath. The survey consists of questions covering multiple dimensions of well-being (physical, emotional, social, spiritual and financial) and the vocational setting. The survey is designed to help identify clergy well-being needs, including the effects of vocational situations within the Church environment, and to monitor changes in clergy well-being over time.

Information derived from the survey will be used to develop programs and services to assist United Methodist clergy in leading healthier lives—for themselves, their families, their congregations and communities. Wespath will publish survey findings upon completion.

For more information, contact Health and Well-Being Manager Jodi Benacka at jbenacka@wespath.org.

Video: Q4 Market Takeaways and 2022 Review

Frank Holsteen, Wespath's Managing Director of Investment Management, recaps the major investment news from Q4, reviews key themes from 2022, and shares the important factors investors will be watching in 2023 in the Q4 Market Takeaways and 2022 Review Video.

Wespath Holiday Closing—Martin Luther King Jr. Day

Wespath will be closed on Monday, January 16, in observance of Martin Luther King Jr. Day. Customer Service assistance will be unavailable that day.

Benefits Access for participants can be used to access acount information and complete transactions 24 hours a day, seven days a week. The automated phone system, accessible by calling 1-800-851-2201, will also be available for participants.

The Benefit Access Portal for Plan Sponsors and Wespath Institutional Investor Portal will be available to plan sponsors, conferences and institutions.

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a general agency of The United Methodist Church
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