Instrumentl eFile Render
Object ID: 202133159349307013 - Rendered 2024-05-05
TIN: 39-0123480
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
20
Open to Public Inspection
Name of the organization
Thrivent Financial for Lutherans
Employer identification number
39-0123480
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.....
1b
Yes
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a?
....
2
Yes
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
Yes
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
b
Any related organization?
.......................
5b
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
b
Any related organization?
......................
6b
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2020
Schedule J (Form 990) 2020
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2 and/or 1099-MISC compensation
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
BONNIE RAQUET
CHAIR OF THE BOARD
(i)
(ii)
346,125
-------------
-------------
-------------
3,966
-------------
-------------
350,091
-------------
-------------
2
ANGELA RIEGER
DIRECTOR
(i)
(ii)
187,917
-------------
-------------
-------------
-------------
-------------
187,917
-------------
-------------
3
BRADFORD CRESWELL
DIRECTOR
(i)
(ii)
203,583
-------------
-------------
-------------
-------------
-------------
203,583
-------------
-------------
4
DEBORAH ACKERMAN
DIRECTOR
(i)
(ii)
187,917
-------------
-------------
-------------
-------------
-------------
187,917
-------------
-------------
5
ERIC J DRAUT
DIRECTOR
(i)
(ii)
221,917
-------------
-------------
-------------
-------------
-------------
221,917
-------------
-------------
6
FREDERICK G KRAEGEL
DIRECTOR
(i)
(ii)
222,917
-------------
-------------
-------------
4,266
-------------
-------------
227,183
-------------
-------------
7
KATHRYN V MARINELLO
DIRECTOR
(i)
(ii)
222,917
-------------
-------------
-------------
-------------
-------------
222,917
-------------
-------------
8
KENNETH A CAROW
DIRECTOR
(i)
(ii)
203,583
-------------
-------------
-------------
-------------
-------------
203,583
-------------
-------------
9
KIRK D FARNEY
DIRECTOR
(i)
(ii)
222,917
-------------
-------------
-------------
435
-------------
-------------
223,352
-------------
-------------
10
LYNN CRUMP-CAINE
DIRECTOR
(i)
(ii)
203,583
-------------
-------------
-------------
-------------
-------------
203,583
-------------
-------------
11
MARK A JESKE
DIRECTOR
(i)
(ii)
203,583
-------------
-------------
-------------
1,740
-------------
-------------
205,323
-------------
-------------
12
N CORNELL BOGGS
DIRECTOR
(i)
(ii)
222,917
-------------
-------------
-------------
-------------
-------------
222,917
-------------
-------------
13
NIKKI PECHET
DIRECTOR
(i)
(ii)
203,583
-------------
-------------
-------------
-------------
-------------
203,583
-------------
-------------
14
TERESA RASMUSSEN
CEO
(i)
(ii)
1,022,263
-------------
2,182,684
-------------
215,453
-------------
3,390,725
-------------
10,881
-------------
6,822,006
-------------
1,031,284
-------------
15
PAUL JOHNSTON
EVP, GENERAL COUNSEL & SEC.
(i)
(ii)
691,651
-------------
1,273,345
-------------
69,628
-------------
1,852,755
-------------
15,634
-------------
3,903,013
-------------
779,963
-------------
16
DAVID S ROYAL
EVP, CHIEF INVESTMENT OFFICER
(i)
(ii)
556,547
-------------
1,733,595
-------------
54,682
-------------
1,852,755
-------------
15,634
-------------
4,213,213
-------------
1,064,794
-------------
17
VIBHU SHARMA
EVP, CFO & TREASURER
(i)
(ii)
671,651
-------------
1,436,800
-------------
63,624
-------------
362,892
-------------
11,367
-------------
2,546,334
-------------
-------------
18
ERIC W BILGER
PRACTICE DEVELOPER
(i)
(ii)
0
-------------
746,993
-------------
906,263
-------------
881,075
31,195
-------------
5,771
-------------
1,690,222
-------------
881,075
-------------
19
MARK L SIMENSTAD
VP, CHIEF INVESTMENT STRAT.
(i)
(ii)
438,509
-------------
1,670,542
-------------
215,058
-------------
113,376
-------------
5,571
-------------
2,443,056
-------------
1,397,646
-------------
20
MATTHEW FINN
VP, HEAD OF EQUITY FUNDS
(i)
(ii)
353,896
-------------
1,827,998
-------------
129,784
-------------
927,274
-------------
15,634
-------------
3,254,586
-------------
113,008
-------------
21
DONALD KNOERNSCHILD
PRACTICE DEVELOPER
(i)
(ii)
0
-------------
0
388,877
-------------
0
328,136
-------------
1,306,794
33,238
-------------
10,811
-------------
761,062
-------------
1,306,794
-------------
22
DARRELL SHIDELER
ADVISOR I
(i)
(ii)
0
-------------
0
0
-------------
0
186,617
-------------
1,873,590
0
-------------
0
-------------
186,617
-------------
1,873,590
-------------
23
MARK KUHLMANN
DIRECTOR (FORMER)
(i)
(ii)
-------------
-------------
21,397
-------------
-------------
-------------
21,397
-------------
-------------
24
FRANK HENRY MOELLER
DIRECTOR (FORMER)
(i)
(ii)
-------------
-------------
21,397
-------------
-------------
-------------
21,397
-------------
-------------
25
JAMES SCOTT
DIRECTOR (FORMER)
(i)
(ii)
-------------
-------------
21,397
-------------
-------------
-------------
21,397
-------------
-------------
26
ALLAN SPIES
DIRECTOR (FORMER)
(i)
(ii)
-------------
-------------
21,397
-------------
-------------
-------------
21,397
-------------
-------------
27
ADRIAN TOCKLIN
DIRECTOR (FORMER)
(i)
(ii)
-------------
-------------
21,397
-------------
-------------
-------------
21,397
-------------
-------------
28
DOUG BEARROOD
VP, CORPORATE ACTUARIAL
(i)
(ii)
213,856
-------------
126,733
-------------
33,585
-------------
152,368
-------------
6,010
-------------
532,552
-------------
58,341
-------------
29
RANDALL BOUSHEK
EVP, CFO & TREASURER (FORMER)
(i)
(ii)
302,563
-------------
1,071,670
-------------
206,501
-------------
715,922
-------------
5,821
-------------
2,302,477
-------------
635,525
-------------
30
BRADFORD HEWITT
CEO (FORMER)
(i)
(ii)
0
-------------
2,311,000
-------------
0
-------------
569,444
-------------
-------------
2,880,444
-------------
2,311,000
-------------
31
CHRISTOPHER KOPKA
PRES, TH CHURCH SVCS (FORMER)
(i)
(ii)
0
-------------
433,313
-------------
58,261
-------------
128,333
-------------
-------------
619,907
-------------
433,313
-------------
32
MARY NEASE
CHIEF HR OFFICER (FORMER)
(i)
(ii)
0
-------------
308,714
-------------
165,750
-------------
139,583
-------------
-------------
614,047
-------------
268,654
-------------
33
SUSAN OBERMAN SMITH
SVP, CHIEF ACTUARY (FORMER)
(i)
(ii)
0
-------------
394,950
-------------
616,934
-------------
187,181
-------------
-------------
1,199,065
-------------
285,986
-------------
34
RUSSELL SWANSEN
EVP,CHIEF INV OFFICER (FORMER)
(i)
(ii)
0
-------------
317,763
-------------
0
-------------
-------------
-------------
317,763
-------------
317,763
-------------
35
JIM THOMSEN
SVP, DISTRIBUTION (FORMER)
(i)
(ii)
0
-------------
969,112
-------------
761,245
-------------
381,325
-------------
-------------
2,111,682
-------------
602,016
-------------
36
TERRY TIMM
SVP, PRODUCT MFG. (FORMER)
(i)
(ii)
243,929
-------------
1,216,382
-------------
475,321
-------------
868,014
-------------
8,418
-------------
2,812,064
-------------
736,631
-------------
Schedule J (Form 990) 2020
Schedule J (Form 990) 2020
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
OTHER BENEFITS
"FIRST-CLASS TRAVEL" WAS ELIGIBLE TO BE UNDERTAKEN EXCLUSIVELY FOR BUSINESS PURPOSES BY ALL DIRECTORS, AND AS SUCH, WAS NOT TREATED AS TAXABLE COMPENSATION. "CHARTER TRAVEL" WAS UNDERTAKEN EXCLUSIVELY FOR BUSINESS PURPOSES BY SELECTED OFFICERS, AND AS SUCH, WAS NOT TREATED AS TAXABLE COMPENSATION. "TRAVEL FOR COMPANIONS" INCLUDES SPOUSAL/COMPANION TRAVEL FOR THE FOLLOWING LISTED PERSONS, AS WELL AS A TAX "GROSS-UP PAYMENT" (IF APPLICABLE): PERSON AND AMOUNT TERESA RASMUSSEN - $ 10,710 ERIC BILGER - $ 8,203 ALL OF THE ABOVE AMOUNTS WERE TREATED AS TAXABLE COMPENSATION TO THE APPLICABLE LISTED PERSON. "SOCIAL CLUB DUES" WERE PAID BY THE ORGANIZATION ON BEHALF OF ONE OFFICER. AS THE CLUB IS USED EXCLUSIVELY FOR BUSINESS PURPOSES, THE AMOUNTS WERE NOT TREATED AS TAXABLE COMPENSATION. THE ORGANIZATION DID NOT PAY ANY "HEALTH CLUB DUES" ON BEHALF OF ANY OFFICERS DURING THE YEAR. **********************************************************
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS - SCH. J, PART I, LINE 4B
PERSON AND AMOUNT PAID: RANDALL BOUSHEK - $88,826 MARK SIMENSTAD - $191,045 DOUGLAS BEARROOD - $1,248 TERRY TIMM - $68,374 MATTHEW FINN - $80,456 TERESA RASMUSSEN - $169,551 DAVID ROYAL - $35,182 PAUL JOHNSTON - $45,398 A BRIEF EXPLANATION OF THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PRESENTLY OFFERED IS AS FOLLOWS: KEY EMPLOYEE RESTORATION PLAN - THE PURPOSE OF THIS PLAN IS TO PROVIDE SUPPLEMENTAL BENEFITS TO ELIGIBLE KEY EMPLOYEES. THE PLAN IS INTENDED TO BE AN UNFUNDED PLAN MAINTAINED PRIMARILY FOR THE PURPOSE OF PROVIDING DEFERRED COMPENSATION FOR A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES AS DESCRIBED IN SECTIONS 201(2), 301(A)(3) AND 401(A)(1) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA). AMOUNTS ACCRUED BUT UNPAID DURING THE CURRENT YEAR ARE REPORTED IN SCHEDULE J, PART II, COLUMN C ABOVE AS RETIREMENT AND OTHER DEFERRED COMPENSATION. ADDITIONALLY, SELECTED SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS WERE OFFERED IN PRIOR YEARS UNDER PERMISSIBLE TAX REGULATIONS AS THEY EXISTED AT THAT TIME, BUT ARE NO LONGER OPEN FOR PARTICIPATION. HOWEVER, PAYMENTS FROM THESE NONQUALIFIED PLANS MAY OCCUR IN SUBSEQUENT YEARS AND WILL BE REPORTED AS TAXABLE INCOME AT SUCH TIME. AS THE ABOVE PLANS ARE IN RUN-OFF STATUS DUE TO GRANDFATHERING PROVISIONS, FURTHER DETAILS ARE AVAILABLE UPON REQUEST. *******************************************************
SEVERANCE PAYMENTS - SCH. J, PART I, LINE 4A
THE FOLLOWING INDIVIDUALS RECEIVED SEVERANCE PAYMENTS DURING 2020: CHRISTOPHER KOPKA - $ 58,261 JIM THOMSEN - $ 761,236 MARY NEASE - $ 165,750 SUSAN OBERMAN SMITH - $ 616,934 TERRY TIMM - $ 397,813
Schedule J (Form 990) 2020
Additional Data
Software ID:
Software Version: