Benefit Options Designed for the ELCA Community

With Portico, you get more than a benefits plan. You can leverage the collective buying power of our community and gain access to products and services not typically available to individual organizations. You experience one-stop benefits administration with award-winning customer service. You get a benefits partner who understands you and mission-based work and is dedicated to helping you fulfill your mission.

Portico:

  • Works for you, not for commissions
  • Offers online enrollment and easy-to-use employer and employee portals
  • Provides competitive health pricing in line with national averages
  • Provides a church retirement plan not subject to ERISA complexities and costly audit requirements
  • Highly skilled professional investment team with average 20 years of experience
  • Proprietary Portico Investment Funds that include social purpose funds aligned with ELCA social teachings and policies
  • Manages all vendor partner relationships so you have only one point of contact
  • Handles the operational plan design and amendments as required by regulations
  • Advocate on Capitol Hill related to benefit plans on behalf of faith-based organizations
  • Integrates data with the employer’s payroll/HR system to ensure efficient, timely administration

Retirement

Financial preparation for peace of mind

Portico offers a retirement plan that gives ELCA-affiliated organizations and those who serve, unique tax advantages while supporting financial well-being.

  • 403(b)(9) church plan (non-ERISA) that allows for employee contributions
  • Choice of diversified target date funds and asset-class-specific build-your-own fund options
  • Social purpose investments that align with ELCA social teachings and policies
  • In-plan Annuity option for lifetime income
  • Long-term investment philosophy overseen by our experienced in-house team with an average of 20 years experience each
  • Access to financial planners and additional online resources at no cost
  • Deferrals and distributions eligible for housing allowance exclusion, if clergy

Health

Support for health and well-being

Portico’s innovative plan is designed to improve outcomes and strengthen well-being for those who serve, and bring value to our community.

  • Four cost-sharing benefit options: Platinum+, Gold+, Silver+, Bronze+
  • Comprehensive medical, mental health, prescription drug, dental coverage via nationally recognized vendors
  • Personalized health management services engage members and promote resiliency: Employee Assistance Program (EAP), 24/7 text-based primary care, chronic condition prevention program and diabetes management program, mental health support
  • Whole person, faith-based wellness video learning platform
  • HSA and FSA tax-advantaged accounts
  • International health benefits for foreign missionaries
  • Group Medicare-Advantage plan for retirees

Disability

Protection from the unexpected

Portico offers disability coverage that can help protect employees and their families should a serious illness or injury occur.

  • 2/3 income replacement beginning the third month after disability

Life

Financial protection for loved ones

Bundling life insurance coverage with Portico can deliver savings for organizations and valuable protection for those who serve.

  • Basic life insurance
  • Supplemental life insurance
  • Dependent life insurance for spouse and children
  • Additional Accidental Death and Dismemberment benefit