MMBB Financial Services

The church where I served automatically invested my pension with MMBB. At that time I was new to ministry and pension plans. Looking back, I wish I had taken time to be more involved and had educated myself about investment opportunities. Now that I am retired and have begun to need my funds, I find it difficult, confusing, frustrating, and challenging to set up automatic payments. I do NOT recommend MMBB - there must be a better place to invest ministry pension money. (Even though $20,000 is a lot to me, I wonder if they don't consider my meager investment worthy of their time.)

My husband's churches put money into his retirement fund through MMBB since 1982. He gets a check every month which we can use to pay for housing which makes it tax free. They always direct deposit his check by the first of the month and send him a small thank you offering check each year. Great company. I'm sure this company's employees are making a sacrifice compared to the salaries they could make in a company which was not faith based.

Have not been fourth coming with understanding of how I might rollover funds. MMBB clearly is seeking to keep them. MMBB is just a middle man between fidelity and employers-they do nothing but sell the plan, answer basic questions, and make money off of an ongoing residual. Anything meaningful I need to know I have to call fidelity. They are dishonest and drag you through the mud. I have now had to engage with an attorney to get clarity and will have to have said attorney reach out to them to get the answers I need to see if I can rollover. Sadly-as an employee, you are powerless to the poor decisions your employer makes.

Investor beware!! I have had to fight them tooth and nail to get money owed to me in a settlement ordered by a court. They have had the court order for 3 months and I still have not received my money. Now they are passing the buck and blaming Fidelity. They are collecting interest on my money!! Having to get an attorney involved to get them in compliance with a court order. Unprofessional and wrong!! Stay away!!!

The most unprofessional, un-trained staff I have ever dealt with. I have been dealing with this company for almost a year trying to get my mom’s retirement money set up for her as she has dementia. They are so bad I’ve had to report them to the banking and insurance commission of NY. My next move is to hire an attorney to deal with the incompetency. In my entire life I have never dealt with such unprofessional staff. They can’t even update an address in their system. Awful.

Offers financial guidance to those who have served in ministry and missions within the context of the organized church.with integrity and excellence.

MMBB is the reason I have been able to retire comfortably. Great professional people that care. Ignore the negative reviews.

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