News & Articles
News
Monthly Option C Fair Market Value Adjustments in 2022-2023
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.
Article
Tax Books Available for Download (2023)
Two 2022 booklets for clergy and church financial and tax matters are available for download.
Article
Changing Investments within the Retirement Plan
A “how-to” for when you decide to shift your funds.
News
Winter 2022-2023 "News & Notes" Newsletter
Winter 2022-2023 Issue of "News & Notes": Changing Investments | RMD Start Moves to Age 73
News
Expect 1099R via mail in February
The retirement distribution tax form, 1099R, will be mailed at the end of January.
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): Annual Additions Limit and Deferral Limit
The IRS has published contribution limits to retirement plans for 2023 (for both salary deferral and overall annual additions limits).
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.
Pages
Email Newsletter Sign Up
Sign up for our occasional emailed newsletter, FCMM Benefits Briefings, for periodic announcements and updates from FCMM.
