Reasons to offer faith-based funds in your retirement plan
Socially responsible and faith-based investing sounds interesting but is it really a smart option? How can you align your convictions with sound investment choices?
What are faith-based funds?
Faith-based funds are funds screened for faith-based values and invest in companies that meet certain moral and ethical standards. They avoid companies that manufacture or distribute alcohol, anti-family entertainment, tobacco, gambling, and/or other potentially offensive practices.
Today, morally responsible or faith-based funds are the fastest growing subset of the socially responsible investing category. Only a short time ago, many plan providers didn't recommend them because of their poor market performance and high fees. Now the fund performance and fees have improved significantly.
Here are reasons to offer faith-based funds in your plan:
They distinguish your faith-based plan from a secular one.
They encourage your employees' participation and their engagement.
They allow your employees to express their personal values in their investment decisions.
Think about adding faith-based funds to your investment plan menu to promote the Kingdom's values.
Envoy has been providing Christians with retirement solutions for over 25 years. Today, we offer both faith-based choices in our FaithBased IRA and 403(b) retirement plans.
Click here to learn more about faith-based retirement plans.
Along with faith-based retirement plans, Envoy also offers faith-based IRAs.
Envoy Advisory, Inc.: Advisory services offered, Registered Investment Advisor