News & Articles

News

New Development: Sole participant health plan may be exception re: tax

Recent IRS guidance identifies an exception for the employer with one participant in health plan.
Article

FEBRUARY 12, 2015: 5 Roads for Healthcare Reimbursements by Churches and Ministries

Current information, updated March 9, 2015, regarding small employer healthcare reimbursement.
Article

DECEMBER 2014: ACA Guidance Restricts Health Reimbursement Arrangements

Summary: If a church wishes to assist staff members with the cost of individual health insurance premiums, the church should do so only as a salary bonus which is not related to the individual obtaining health insurance.
Article

Alert: Make Sure W2 Reporting is Correct for Healthcare Premiums

Individual healthcare premiums paid by employer are taxable income in 2014.
Article

Latest Clergy Housing Allowance Case Dismissed

While the current case is ended, there will likely be more challenges to the housing allowance.
News

Visit FCMM at the 2015 EFCA Theology Conference

Join us for a pre-conference luncheon, an update session, or an individual consultation at this year's EFCA Theology Conference.
Article

Another Option for Providing LTD Plan

Each employer chooses whether to offer the FCMM Long Term Disability Plan as an employee benefit (paid by employer) or as payroll deduction (employee pays premium by payroll deduction). What’s the difference?
Article

Employer Adoption Agreement is Essential

The Employer Adoption Agreement (Form 20) is an important legal agreement whereby the church/employer officially adopts the FCMM Retirement Plan.
Article

Understanding the Strategy & Benefits of Option C

Option C, titled Conservative Growth with Annuity Benefit Fund, is unique among FCMM's retirement plan investment options.
News

Developments in Clergy Housing Allowance Case

The Church Alliance, a coalition to which FCMM belongs, has filed an amicus curiae ("friend of the court") brief in the Seventh Circuit housing allowance case.
Article

New Resources on Taxability of Health Insurance Benefits

Information on different methods through which staff can receive health insurance coverage and whether your church and your staff can pay for such coverage on a pre-tax or after-tax basis.
Article

The Value of Setting Up a Salary Continuation Plan

A Salary Continuation Plan, set up in advance by a church, can provide additional support for a church staff member during the difficult time of disability. Such a plan can cover a potential gap for a disabled staff member during the Long Term Disability Plan's 90 day elimination period.

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