A Church Retirement Plan, or 403(b)(9) Plan, is designed for the unique needs of a church or parachurch organization or those with 501(c)(3) church status.
Is your retirement plan too complex and taking a lot of your time? If it’s too complicated for you, it will definitely be too difficult for your employees to understand. And if it's not easy for them to understand, then you are missing key pieces. Your retirement plan is too valuable not to put the right parts totally in place.
Today 403(b) plans provide significant benefits and advantages for churches, parachurch, and mission sending organizations.
Since Christian ministries have different and unique needs, it's important to tailor any retirement plan and to be aware of the tax code and the department of labor rules. Not only to be aware but to benefit from them.