Are Church Retirement Plans Subject to ERISA?

Are Church Retirement Plans Subject to ERISA?

What is ERISA?The Employee Retirement Income Security Act of 1974 (ERISA) was enacted by Congress to protect the interests of employee benefit plan participants and their beneficiaries. ERISA is administered by the Department of Labor. ERISA establishes the minimum...
What is a 403(B)(9) Retirement Plan?

What is a 403(B)(9) Retirement Plan?

You may already know what a 403(b) retirement plan is and why you might choose it over a 401(k) plan. But do you know what a 403(b)(9) plan is? How do you know if it’s right for your ministry?Simply stated, 403(b)(9) plans are for churches, or those with 501(c)(3)...
The Benefits of an IRA

The Benefits of an IRA

IRAs are a great retirement savings option for small organization or individuals. Many small employers, ministries, or faith-based organizations don’t have the money or experience to offer a retirement plan at all, let alone one with either a basic or matching...