The Church Benefits Board Inc., an affiliate of the Cooperative Baptist Fellowship, has picked a unit of StanCorp Financial Group Inc. to administer a 250-participant 403(b) plan with $20 million in assets.
The Church Benefits Board, Atlanta, is the benefits purchasing arm of the Cooperative Baptist Fellowship, Atlanta.
The fellowship connects 1,900 Baptist churches.
StanCorp, Portland, Ore., is the parent of Standard Insurance Company.
Joseph Derickson of Retirement Wealth Management L.L.C., Atlanta, served as the benefits board’s advisor.