News & Articles

News

Retirement Plan - Rate and Fees for 2023

FCMM's Option C Lifetime Fund is unique in offering long-term strategy for steady returns and "do it for me" simplicity.
News

2022 Distributions Request Deadline is December 12

To request a qualified withdrawal, contact FCMM to obtain the form and then submit it timely.
News

Retirement Plan Contribution Limits (2023): Overall and Deferral Limits

The IRS has published contribution limits to retirement plans for 2023 (for both salary deferral and overall limits).
News

Monthly Option C Fair Market Value Adjustments in 2022

Option C is designed for steady long-term earnings to be fully applied to a Monthly Income Benefit ("annuity"). Other forms of cash distribution may incur a market value adjustment when the investment portfolio value is less than annuitizable accrued value.
News

Fall 2022 "News & Notes" Newsletter

Fall 2022 Issue of "News & Notes": Bless Your Pastor | Benefit Plan Open Enrollment | MinistryWorks Payroll Service | GuideStone Group Health Insurance
News

Alert Regarding State-Run Retirement Programs

A number of states have implemented, or are adding, requirements for employers to offer retirement plans. FCMM has reviewed and summarized the current status of these programs and highlighted follow-up research or actions churches may need to take.
Article

Bless Your Pastor(s) and Staff with Benefits Beyond Pay

Pastor Appreciation Month is a good time to review the benefits a church offers their pastor(s) and staff.
News

Benefit Plan to Add New Features for 2023

Two new optional coverages: Short Term Disability (up to 90 days) AND Term Life Insurance equal to annual salary
News

Payroll Service to be Phased Out in 2022

FCMM Payroll Service ends its run as other providers have stepped up to better serve the unique needs of churches.
Article

Roll-out of Funds from Retirement Plan: Factors to Consider

As with most current Retirement Plans, FCMM allows both roll-out of funds to other retirement fund accounts and roll-in of funds within IRS rules.
News

Retirement Plan - Rate and Fees for 2022

FCMM's Option C Lifetime Fund is unique in offering long-term strategy for steady returns and "do it for me" simplicity.
News

Expect 1099R via mail in February

The retirement distribution tax form, 1099R, will be mailed at the end of January.

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