The new Global Methodist Church is the latest group to partner with GuideStone Financial Resources, which is best known for its Southern Baptist roots.
GMC launched as a new denomination in May 2022, pulling away from the United Methodist Church to offer a more conservative approach on a variety of issues, such as gender and sexuality.
GMC’s benefits team recently recommended the shift to GuideStone, which reportedly serves 14 different Christian denominations, for the administration of health insurance and retirement benefits for clergy and lay church employees, according to a news release on GMC’s website. GMC’s Transitional Leadership Council approved the move with a planned transition from Wespath Benefits and Investment to GuideStone on July 1. Wespath will continue providing services through June 30.
“The Benefits Team and the TLC are confident GuideStone is an excellent fit with the values, lean structure and business operations of the Global Methodist Church,” GMC officials reported in the news release.
According to GuideStone’s website, GuideStone, founded in 1918, “is a leading financial services provider of retirement, investment, executive benefit services, life and health plans and property and casualty insurance coverage to Southern Baptist and evangelical churches, ministries and related organizations.”
“Based in Dallas … and operating as a church benefits board, GuideStone serves more than 250,000 members and 50,000 ministry partners worldwide. As of Sept. 30, 2023, GuideStone reported $19.6 billion assets under management.”