News
Spring 2025 "News & Notes" Newsletter
The current issue of FCMM News & Notes, Spring 2025, is available at the link below. Contents: Turning Uncertainty into Opportunity: Retirement...
Monthly Option C Fair Market Value Adjustments in 2025
For cash distributions or transfers from Option C, a Fair Market Value (FMV) adjustment is in effect for any month for which the preceding month...
Retirement Plan - 2025 Lifetime Fund (Option C) Rate and Participant Fees
Option C Lifetime Fund The FCMM Board of Trustees has set the rate of earnings for the Lifetime Fund (Option C) at 4% for 2025. (Note: The rate is...
Retirement Plan Contribution Limits (2025): Annual Additions Limit and Deferral Limit
The IRS limits the amount of money that may be contributed to retirement plans. These limits are updated annually. There are two main types of...
Retirement Plan Adds Eventide Mutual Funds to Option J
Since 2013, the investment Option J, Biblically Responsible Funds, has offered morally-screened mutual funds to members of the FCMM Retirement Plan....
Alert Regarding State-Run Retirement Programs
In an effort to broaden retirement plan access to employees whose organizations do not offer an employer-sponsored retirement plan, several states...
Updating Personal Information
To ensure your requested transactions and various account communications are timely, and to assist with keeping your FCMM account secure, it is...
Articles
Turning Uncertainty into Opportunity: Retirement Investing During Market Volatility
Markets in Historical ContextThe S&P 500 market index recently reached an all-time closing high of 6,144.15 on February 19. Then on April 7 the...
RMDs: The Withdrawals You Didn't Ask for (But Have to Take Anyway)
Required Minimum Distributions (RMDs) are the minimum amounts the IRS mandates individuals to withdraw annually from their pre-tax retirement...
NEW for 2025: Tax Books Available for Download
Two PDF tax books are available at the links below for download from FCMM: Minister's Tax & Financial Guide and Church & Nonprofit Tax &...
Sources of Retirement Contributions: EmployER and EmployEE
There are two sources for contributions sent to an employer retirement plan, such as the FCMM Plan: (1) EmployER Contributions and (2) EmployEE...
Changing Investments within the Retirement Plan
While the strategy of “buy and hold” has proven to be a reliable principle over long time periods of investing – especially when the funds are well...
Roll-out of Funds from Retirement Plan: Factors to Consider
The FCMM Retirement Plan (RP), designated as a 403(b)(9) Church Plan, offers good value and flexibility for Members. In addition, FCMM cooperates...
Completing the W-2 for Retirement Contributions
To prepare W-2s for our church employees, where does retirement contribution information go? Download this one-page guide that explains the...
Managing Financial Life After Opting Out of Social Security
Note: This article is the final of a series of three about critical issues in compensation and planning for pastors. The Fall 2019 issue of News...
Considering Opting Out of Social Security? Critical Issues to Review
Note: In the Fall 2019 issue of News & Notes (article also available here) I reviewed how ministers are paid and treated by the Internal Revenue...
Ministers' Pay Essentials
The Internal Revenue Service (IRS) recognizes as ministers those who are credentialed by a religious body, have authority to conduct religious...
Steps to Access Statements Online
Here are the steps to view online quarterly statements. Please click on the Account Access link that appears at the top line of FCMM's website. Log...
Video workshops on Minister Tax and Finance
Two similar recorded workshops are available on the topics of minister pay and tax matters. Clergy_Tax_Finance_Intro-2016-narrated-Mix from FCMM on...
