News & Articles
Payroll Service Has Seen Steady Growth
FCMM’s launch of a church payroll service has grown to serve churches in seven states in the first year. The service is scalable and affordable for churches of all sizes and levels of need.
FCMM Announces Staff Addition for Advising
Jeff Englin has been assisting Retirement Plan participants since 2008 as a contract adviser. With his new assignment, he will give full-time service to FCMM.
FCMM Accredited by ECFA
FCMM Benefits & Retirement has been accredited by the national financial accountability organization for ministries.
How Can Retirement Investments Benefit Churches?
Since 2010, FCMM Retirement Plan members have had the opportunity to invest retirement funds with Christian Investors Financial (CIF). CIF is the EFCA-affiliated provider of ministry capital financing along with capital campaign and leadership consulting. Following is information provided by CIF illustrating their ministry partnering.
FCMM/GuideStone Now Offering Expedited "Micro-group" Health Insurance Quotes
FCMM's partner in group health insurance, GuideStone, now features an online portal for requesting quotes for ministries with 2 to 4 eligible employees.
Information about strategy and performance of FCMM funds
Social Security Claiming Options Have Been Dropped
The budget deal enacted in late 2015 nixes the recent provision that allowed "claim-and-suspend" strategies for couples, along with related options.
Retirement Plan adds GuideStone Mutual Funds
Option J has been renamed "Biblically Responsible Funds" with the addition of GuideStone Mutual Funds to the previous selection of Timothy Plan Funds.
FCMM Offers Acccess to Pre-Tax Group Health Insurance and Stresses July 1 Compliance Deadline
July 1, 2015, deadline for ACA compliance means that only group health insurance may be provided as non-taxable benefit by employers with multiple staff.
Guidelines for Classifying Exempt & Non-Exempt Staff (Updated)
Every organization must follow federal guidelines for classifying and paying "exempt" and "non-exempt" staff.
March 2, 2015: Delayed Enforcement of ACA for Small Employers - Implications
In our last update, FCMM mentioned that IRS Notice 2015-17 offers temporary relief of the excise tax on non-compliant employer payment plans through June 30, 2015. But what about implications for those churches and staff who have already complied?
February 23, 2015: Significant Update on Employer Health Insurance Premium Reimbursement or Payment Plans
The IRS released more clarification (changes) last week on ACA compliance for small employers.