News & Articles

News

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.
Article

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.
Article

Guidelines for Classifying Exempt & Non-Exempt Staff (Updated)

Every organization must follow federal guidelines for classifying and paying "exempt" and "non-exempt" staff.
Article

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?
Article

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.
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?

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