DALLAS — At the regular November trustee meeting of GuideStone Financial Resources of the Southern Baptist Convention (Annuity Board), the trustees unanimously approved the operating budget for 2005 and heard officer reports on various facets of GuideStone’s work.
President O. S. Hawkins emphasized the life and health area in his report.
“Many of our Personal Plan participants will see no increase in their medical rates for 2005 and almost 40 percent will actually receive a reduction in their rates,” Hawkins said. Hawkins also noted a 10 percent reduction in rates effective Jan. 1, 2005, for the Personal Plans Long Term Disability coverage.
John Jones, chief operating officer, reviewed the key financial indicators for the first nine months of 2004 and previewed the critical business projects for 2005. As of the end of September, assets under management totaled $7.5 billion. Other indicators showed substantial progress in managing expenses and a notable increase in participants’ contributions to retirement plans.
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