Home

As the church benefits provider of the Evangelical Free Church of America, FCMM (“Free Church Ministers and Missionaries”) Benefits & Retirement exists to enable pastors, staff members, and missionaries to serve Christ throughout their lives by assisting employing ministry organizations in providing retirement and other benefits.

Employers

Individuals

Resources

News

Spring 2023 "News & Notes" Newsletter

The current issue of FCMM News & Notes, Spring 2023, is available at the link below.

Contents: Sources of Contributions | What are "Roth"

…

Monthly Option C Fair Market Value Adjustments in 2022-2023

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

…

Expect 1099R via mail in February

Retirement Plan members who took distribution(s) of any type (i.e. payment, withdrawal, required minimum distribution, rollover, conversion) from

…

Retirement Plan - Rate and Fees for 2023

Option C Lifetime Fund

The FCMM Board of Trustees has set the rate of earnings for the Lifetime Fund (Option C) of 2% for

…

Retirement Plan Contribution Limits (2023): 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

…

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

…

Retirement Plan Offers Matching Program

In partnership with the National Association of Evangelicals (NAE), FCMM has launched a contribution matching program in 2019 for EFCA pastors

…

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.

…

Articles

Sources of Contributions to the Retirement Plan - 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

…

What are "Roth" Contributions to Retirement Funds?

As with many other retirement plans and individual retirement accounts (IRAs), the FCMM Retirement Plan permits contributions that are classified

…

Tax Books Available for Download (2023)

Two PDF tax books are available at the links below for download from FCMM: Minister's Tax & Financial Guide and

…

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

…

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

…

Quick Guide to Tax Reporting for Retirement Distributions - 1099R

Question: I received a 1099-R from FCMM for my retirement distribution(s) for the last year. Where do I enter this information on my tax

…

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

…

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

…

Considering Opting Out of Social Security? Critical Issues to Review

Note: In the Fall 2019 issue of News & Notes (article also available

…

Ministers' Pay Essentials

The Internal Revenue Service (IRS) recognizes as ministers those who are credentialed by a religious body, have authority to conduct religious

…

Video workshops on Minister Tax and Finance

Two similar recorded workshops are available on the topics of minister pay and tax matters.

…

Search form