History

1971

A retirement plan called the Free Church Ministers' and Missionaries', or FCMM, forms.

1993

FCMM works with professional financial advisors to implement an asset-allocation investment model. Easy-to-understand benefit calculations strengthen a growing plan.

2002

The Plan expands to include all church staff — not  just clergy.

2003

Legacy Pension Plan (defined benefit “Option A”) is frozen to new contributions and a new, more flexible defined contribution Retirement Plan is formed.

2008

The program modifies to meet new IRS 403(b)(9) church plan regulations. Options to invest in American Funds and Vanguard mutual funds are added.

2009

The Plan grows by 50% as churches of all sizes respond to new regulations and features for participants.

2010

The Plan introduces the option for participants to invest in church mortgages through Christian Investors Financial.

2012

FCMM incorporates, providing a stronger legal structure, and is affirmed to take on an expanded role as the church benefits provider for EFCA churches. 

2013 

FCMM adds “benefits” to its name — becoming FCMM Benefits & Retirement — to reflect its enlarged mission to offer benefits in addition to retirement planning. Long Term Disability Insurance becomes the first added benefit. The Retirement Plan adds the option to invest in Timothy Plan mutual funds.