401(k) Retirement Savings Plan

Voya Financial is the recordkeeper for the RCAB 401(k) Retirement Savings Plan. Participants can contact Voya for information about their accounts online at rcab.voya.com or 855-817-1664. Learn more about your account with Voya.
All W-2 lay employees and priests are eligible to contribute their own funds to the 401(k) Plan through payroll deductions, including those marked as Not Benefit Eligible (starting in August 2024). Employees who are Not Benefit Eligible are not eligible for an employer match or subject to auto-enrollment. See Not Benefit Eligible Employees tab for more information.
Benefit-eligible lay employees hired, rehired or changing to benefit-eligible at locations participating in the RCAB 401(k) Plan are automatically enrolled in the 401(k) Plan with a 4% pre-tax deferral if no election is made within 45 days from the date of hire, rehire date or date of change to benefit-eligible. See Automatic Enrollment and Automatic Escalation Flyer for more information.
For more information on benefit eligibility, please visit catholicbenefits.org/at-a-glance.

Basic information regarding the Plan is available in English, Spanish, and Portuguese.
A chart of Plan Highlights is available in English, Spanish, and Portuguese.
A chart of Plan Highlights for Priests is available in English, Spanish, and Portuguese.

The 401(k) Plan’s employer matching contribution for eligible lay employees and priests is 100% of the first 3% contributed plus 50% of the next 2% contributed, for a maximum of 4% for employees and priests who contribute at least 5% of their eligible wages.

401(k) contributions are defaulted to the American Funds Target Date fund based on the participant’s age. For details on all of the available investment options, including historical performance, expenses, fund fact sheets and more, go to catholicbenefits.org/investment-options or log on to your account at rcab.voya.com. To view options from your online account, click Accounts from the top menu, select an account on the left, click Go to Account, select Investments & Research, and then select the Fund Information tab.
Designating a Beneficiary ensures that your savings are passed along without delay according to your wishes in the event of your death. Is your Voya account Beneficiary designation up to date? Follow the instructions HERE to verify your choices and make any changes.
Click Here to view the Important Plan Information and Default Investment Notice.

401(k) Plan Retirement Committee members

RCAB 401(k) Investment and Governance Policy Statement

Click here to learn more about Roth versus Pre-Tax funds in your 401(k) account: IRS Roth and Pre-Tax Investment Comparison

View your Investment Options with Voya below, or click here.

Learn more about default investments in your Voya account: American Funds Target Date Information
See more details about the target date funds offered by Voya: American Funds Target Date Presentation

Asset Class	Fund Name	Ticker
Emerging Markets	DFA Emerging Markets I	DFEMX
International Growth	American Funds Europacific Growth R6	RERGX
International Value	MFS International Value R3	MINJX
Small Cap Blend	Fidelity Small Cap Index Fund	FSSNX
Mid Cap Growth	Prudential Jennison Mid Cap Growth A	PJGQX
Mid Cap Value	American Century Mid Cap Value A	AMDVX
Large Cap Growth	Franklin Growth Adv	FIFRX
Large Cap Blend	Vanguard 500 Index Admiral	VINIX
Large Cap Value / Catholic Values	Knights of Columbus Large Cap Value Fund	KCVIX
Catholic Values	Ave Maria Rising Dividends Fund	AVEDX
World Allocation	Blackrock Global Allocation A	MKLOX
Global Bond	PIMCO International Bond Fund	PFORX
High Yield Bond	T. Rowe Price High Yield	PRHIX
Intermediate Term Bond	Metropolitan West Total Return Bond I	MWTSX
Inflation Protected Bond	Blackrock Inflation Protected Bond Instl	BPLBX
Money Market	Vanguard Treasury Money Market	VUSXX
Target Date Suite	American Funds 2065 Target Date Retire R6	RFVTX
	American Funds 2060 Target Date Retire R6	RFUTX
	American Funds 2055 Target Date Retire R6	RFKTX
	American Funds 2050 Target Date Retire R6	RFITX
	American Funds 2045 Target Date Retire R6	RFHTX
	American Funds 2040 Target Date Retire R6	RFGTX
	American Funds 2035 Target Date Retire R6	RFFTX
	American Funds 2030 Target Date Retire R6	RFETX
	American Funds 2025 Target Date Retire R6	RFDTX
	American Funds 2020 Target Date Retire R6	RRCTX
	American Funds 2015 Target Date Retire R6	RFJTX
	American Funds 2010 Target Date Retire R6	RFTTX

These options are effective January 31, 2025.

How To Manage Your Voya Account

Below you can find helpful documents and instructions for various parts of your Voya account.

Webinars, Meetings, and Financial Education Tools

Click here for an overview of the 401(k) Plan in a webinar format presented by Benefits Department staff. This webinar is applicable to all 401(k) Plan participants: Archdiocese 401(k) Plan Overview Webinar
Upcoming Webinars/Meetings:
- View free live and on-demand webinars available through Voya Learn.
- Coming soon: 2025 on-site Voya meetings and financial counseling sessions.
Financial Education Tools and Opportunities for Investment Education and Counseling are offered through Voya Retirement Advisors:
- Plan for your retirement using Voya's myOrangeMoney interactive online tool, with step-by-step instructions to evaluate and plan your retirement income.
- Speak to a Voya Investment Advisor Representative over the phone weekdays from 8 a.m. to 9 p.m. at no charge. Call 855-817-1664.
- Online Advice - Access online advice at no charge at rcab.voya.com. This option is available to all participants who are not enrolled in Professional Management as described below.
- Professional Management - Work with an advisor who manages your account for a fee. The advisor monitors your investments and initiates transactions. You receive quarterly updates detailing your account activity. Sign up for this service at rcab.voya.com.

Benefit Eligible Employees

For benefit eligibility rules, please see the At-A-Glance page of the Resources section.

You can start, stop or change your contribution rate or automatic escalation at any time by logging in to rcab.voya.com, the Voya Retire app, or by phone at 855-817-1664. More information on changing your contributions is included in the Important Plan Information and Default Investment Notice.

Your contributions
You may elect to contribute up to 100% of your eligible wages, which election can be in dollars or percentages of compensation, on a pre-tax and/or Roth after-tax basis, up to the annual IRS limit. Your contributions are automatically deducted from your paycheck, and you can change your contribution rate at any time by logging in to rcab.voya.com. If you attain age 50 during the calendar year, the Plan allows you to contribute an additional catch-up contribution over and above the normal IRS limit. You do not need to make a separate catch-up contribution election. Once you reach the IRS limit, your contributions will automatically become classified as catch-up contributions.

Employer matching contributions
After one year of benefit-eligible service, in which you were credited with at least 1,000 hours of service, your employer will match 100% of the first 3% of eligible wages contributed, plus 50% of the next 2% of eligible wages contributed. If you contribute 5% of eligible wages or more to the Plan, you will receive a total of 4% in employer matching contributions. (Note: 4% is the maximum employer contribution). If you are a lay employee who is not benefit eligible, you are not eligible for the employer match.

Vesting
You are immediately 100% vested in your own contributions and investment earnings as well as in your employer matching contributions, which means that you fully own and control the money.

Automatic Enrollment
Benefit Eligible lay employees who are hired, rehired or changed to benefit-eligible status will be automatically enrolled with a 4% pre-tax contribution, effective with the first available pay date on or after 45 days following the location date of hire, rehire date or effective date of change to benefit-eligible status. See the Automatic Enrollment and Automatic Escalation Flyer and Automatic Enrollment Notice for more information.

Automatic Escalation
Benefit Eligible lay employees will be automatically escalated annually by 1% each year until 5% is reached. This does not impact participants who contribute a flat dollar amount to the Plan or who have declined participation in the 401(k) Plan. Participants will be notified prior to the change taking effect and can opt out by logging into their Voya account at rcab.voya.com.

If you previously worked for another employer in the Plan
If you transfer between participating locations, your account balance, beneficiary information, and any applicable loan balance and deductions will automatically transfer to your new Plan account. Your elected 401(k) contribution amounts do not automatically transfer to your new Plan account. You will need to log in to your Voya online account at rcab.voya.com or call Voya at 855-817-1664 to set up your 401(k) contribution amount at the new location. You can use your existing Personal Identification Number (PIN) to access your Plan account by phone and your existing username and password credentials to access your account online.

If you work for multiple employers in the Plan
If you work for multiple employers in the Plan, you will maintain separate account balances, including contribution rates, investment elections, and beneficiaries for each employer.

Not Benefit Eligible Employees

All W-2 lay employees, including those marked as Not Benefit Eligible, are eligible to contribute their own funds to the 401(k) Plan through payroll deductions. Employees listed as Not Benefit Eligible are not eligible for an employer match or auto-enrollment. For benefit eligibility rules, please see the At-A-Glance guidelines on the Resources page.

You can start, stop or change your contribution rate at any time by logging in to rcab.voya.com, the Voya Retire app, or by phone at 855-817-1664. More information on changing your contributions is included in the Important Plan Information and Default Investment Notice.

Your contributions
You may elect to contribute up to 100% of your eligible wages, which election can be in dollars or percentages of compensation, on a pre-tax and/or Roth after-tax basis, up to the annual IRS limit. Your contributions are automatically deducted from your paycheck, and you can change your contribution rate at any time by logging in to rcab.voya.com. If you attain age 50 during the calendar year, the Plan allows you to contribute an additional catch-up contribution over and above the normal IRS limit. You do not need to make a separate catch-up contribution election. Once you reach the IRS limit, your contributions will automatically become classified as catch-up contributions.

Vesting
You are immediately 100% vested in your own contributions and investment earnings as well as in your employer matching contributions, which means that you fully own and control the money.

Automatic Escalation
To save more over time, you can set up an automatic increase of your 401(k) contributions. Select the timing and amount of the escalation to automatically save more in the future, which can lead to more money in retirement. You can start, stop or change your automatic escalation settings at any time by logging in to rcab.voya.com, the Voya Retire app, or by phone at 855-817-1664.

If you previously worked for another employer in the Plan
If you transfer between participating locations, your account balance, beneficiary information, and any applicable loan balance and deductions will automatically transfer to your new Plan account. Your elected 401(k) contribution amounts do not automatically transfer to your new Plan account. You will need to log in to your Voya online account at rcab.voya.com or call Voya at 855-817-1664 to set up your 401(k) contribution amount at the new location. You can use your existing Personal Identification Number (PIN) to access your Plan account by phone and your existing username and password credentials to access your account online.

If you work for multiple employers in the Plan
If you work for multiple employers in the Plan, you will maintain separate account balances, including contribution rates, investment elections, and beneficiaries for each employer.

Priests

For purposes of priest 401(k) Plan contributions only, the following individuals are considered eligible: Any priest in good standing, incardinated to Boston or another diocese, and paid taxable wages through the Archdiocese's specified payroll system Participation may begin upon Ordination. Priests are not subject to automatic enrollment or automatic rate escalation.

Priests can start, stop or change their contribution rate or automatic escalation at any time by logging in to rcab.voya.com, the Voya Retire app, or by phone at 855-817-1664. More information on changing 401(k) contributions is included in the Important Plan Information and Default Investment Notice.

A chart of Plan Highlights for Priests is available in English, Spanish, and Portuguese.

Your contributions
You may elect to contribute up to 100% of your eligible wages, which election can be in dollars or percentages of compensation, on a pre-tax and/or Roth after-tax basis, up to the annual IRS limit. Your contributions are automatically deducted from your paycheck, and you can change your contribution rate at any time by logging in to rcab.voya.com. If you attain age 50 during the calendar year, the Plan allows you to contribute an additional catch-up contribution over and above the normal IRS limit. You do not need to make a separate catch-up contribution election. Once you reach the IRS limit, your contributions will automatically become classified as catch-up contributions.

Employer matching contributions
Priests do not have to complete a waiting period to receive an employer contribution to the Plan. Priests who are unassigned, on administrator leave, or work limited hours are not eligible for employer contributions. Your employer will match 100% of the first 3% of eligible wages contributed, plus 50% of the next 2% of eligible wages contributed. If you contribute 5% of eligible wages or more to the Plan, you will receive a total of 4% in employer matching contributions. (Note: 4% is the maximum employer contribution).

Vesting
You are immediately 100% vested in your own contributions and investment earnings as well as in your employer matching contributions, which means that you fully own and control the money.

Automatic Escalation
To save more over time, you can set up an automatic increase of your 401(k) contributions. Select the timing and amount of the escalation to automatically save more in the future, which can lead to more money in retirement. You can start, stop or change your automatic escalation settings at any time by logging in to rcab.voya.com, the Voya Retire app, or by phone at 855-817-1664.

If you previously worked for another employer in the Plan
If you transfer between participating locations, your account balance, beneficiary information, and any applicable loan balance and deductions will automatically transfer to your new Plan account. Your elected 401(k) contribution amounts do not automatically transfer to your new Plan account. You will need to log in to your Voya online account at rcab.voya.com or call Voya at 855-817-1664 to set up your 401(k) contribution amount at the new location. You can use your existing Personal Identification Number (PIN) to access your Plan account by phone and your existing username and password credentials to access your account online.

If you work for multiple employers in the Plan
If you work for multiple employers in the Plan, you will maintain separate account balances, including contribution rates, investment elections, and beneficiaries for each employer.