Fidelity Simplifies RSP Contribution Process

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Fidelity Investments, record keeper for the Retirement Savings Plan of the Presbyterian Church (U.S.A.) (RSP), is replacing the paper RSP Contribution Remittance Form you have been using for RSP contributions with its secure, online Simplified Contribution Process (SCP). The process began late last year, when Fidelity asked employers to update their email contact information. Many who responded agreed to participate in a pilot of the SCP process during December; several are already submitting ongoing RSP contributions online through SCP.

The transition to SCP for other employers who currently use paper RSP contribution remittance forms will occur in phases throughout 2018. Next week, you will receive an introductory email from Fidelity about SCP; the following week, Fidelity will email you a video overview and instructions for logging on to and using SCP.

Please register for SCP as soon as you receive log on instructions from Fidelity so that your RSP contributions on behalf of employees may continue uninterrupted.

If you have questions about the RSP transition to SCP, contact the Board at 800-773-7752 (800-PRESPLAN).

 

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