Plan Administration

Helpful Retirement Plan Compliance Resources

Helpful Retirement Plan Compliance Resources

Retirement Plan compliance is critical as you're a Christian organization and an example to others. Two governing agencies that oversee retirement plans are the IRS and The Department of Labor. You probably don’t want to become an expert on all of the regulations but you certainly want to arm yourself in case one of them shows up on your doorstep.

Are Your Legally Mandated Oversight Requirements Being Met?

Are Your Legally Mandated Oversight Requirements Being Met?

A Retirement Plan Oversight Committee is a wise and effective way to help ensure that the legally mandated oversight requirements are being met. The new IRS 403(b) regulations have been touted as the most significant piece of legislation in the last 40 years for 501(c)(3) organizations.

Housing Allowance: Are you throwing away free money?

Housing Allowance: Are you throwing away free money?

When an ordained, licensed, or commissioned minister receives a portion of their compensation as housing allowance, that portion is excluded from gross income and therefore not subject to federal income tax. This can represent substantial tax savings for the minister. Further, when an ordained, licensed, or commissioned person retires, a portion of their 403(b)(9) retirement plan distribution can be received as housing allowance, providing additional tax savings in retirement.

12 Things Plan Sponsors Need To Know

12 Things Plan Sponsors Need To Know

Executive Pastors, Business Managers, Board Members, CEO’s, COO’s, and HR Directors associated with Non-Profits are often in the dark when it comes to understanding retirement plans. Often this includes those who are directly responsible for the oversight of their plan or charged with the responsibility of setting up or finding a new vendor.