South Central Conference of Seventh-day Adventists Supplemental Retirement Program
Background
The South Central Conference of Seventh-day Adventists (SCC) is a regional conference within the Seventh-day Adventist Church, serving a diverse community across several states. Established in 1904, the conference has a rich history of spiritual and community engagement. A significant milestone in its history was the initiation of the Supplemental Retirement Plan in 1980 by C. E. Dudley Sr., aimed at providing financial security for its employees in their retirement years.
Key Strategic Focus
The SCC's strategic focus centers on:
- Employee Welfare: Ensuring the financial well-being of its workforce through comprehensive retirement benefits.
- Community Engagement: Fostering a strong sense of community and support among its members and employees.
- Sustainable Growth: Developing programs and initiatives that promote long-term stability and growth for the conference and its affiliates.
Financials and Funding
The Supplemental Retirement Plan was established in 1980, with initial funding details not publicly disclosed. The plan is designed to provide financial security for eligible employees upon retirement, reflecting the conference's commitment to its staff's long-term welfare.
Pipeline Development
As a retirement plan, the SCC's Supplemental Retirement Program does not have a product development pipeline. Instead, it focuses on the continuous enhancement of its benefits and services to meet the evolving needs of its retirees.
Technological Platform and Innovation
The SCC's Supplemental Retirement Program leverages the technological infrastructure provided by the Adventist Retirement Plans office. This includes access to the Empower Retirement platform, which offers retirees tools for managing their retirement accounts, accessing benefits, and staying informed about their financial status.
Leadership Team
The leadership of the SCC's Supplemental Retirement Program is integrated with the broader Adventist Retirement Plans office, which oversees multiple retirement plans across the North American Division. Key personnel include:
- Edwin G. Romero: Retirement Plans Administrator / Associate Treasurer
- Andrew Choi: Associate Administrator/CFO
- Lisa Sharpe: Assistant Administrator/SHARP
- Tara Mead: Assistant Administrator / Defined Benefit Plans
- Lisa Sayler: Benefits Distribution Manager
These leaders are responsible for the strategic direction and operational management of the retirement plans, ensuring they meet the needs of participants effectively.
Competitor Profile
Market Insights and Dynamics
The market for denominational retirement plans is characterized by a focus on providing financial security to employees of religious organizations. This sector emphasizes stewardship, community support, and long-term financial planning.
Competitor Analysis
Key competitors in this space include other regional conferences and denominational retirement plans, such as:
- Central States Conference of Seventh-day Adventists: Offers comprehensive retirement planning resources and benefits to its employees.
- Florida Conference of Seventh-day Adventists: Provides a Voluntary Retirement Plan with employer contributions and matching, along with various employee benefits.
These organizations share a common goal of ensuring the financial well-being of their employees through structured retirement programs.
Strategic Collaborations and Partnerships
The SCC's Supplemental Retirement Program benefits from its affiliation with the Adventist Retirement Plans office, which administers multiple retirement plans across the North American Division. This partnership allows for shared resources, expertise, and best practices, enhancing the quality and efficiency of the retirement benefits offered to SCC employees.
Operational Insights
The SCC's Supplemental Retirement Program operates within a collaborative framework, leveraging the administrative capabilities of the Adventist Retirement Plans office. This structure ensures that the program remains responsive to the needs of its participants while maintaining operational efficiency.
Strategic Opportunities and Future Directions
Looking ahead, the SCC's Supplemental Retirement Program aims to:
- Enhance Benefits: Continuously assess and improve retirement benefits to ensure they meet the evolving needs of employees.
- Increase Engagement: Foster greater participation and engagement among employees in retirement planning and financial wellness initiatives.
- Leverage Technology: Utilize advanced technological platforms to provide seamless access to retirement resources and information for employees.
Contact Information
For more information about the South Central Conference of Seventh-day Adventists Supplemental Retirement Program, please visit the official Adventist Retirement website.
