The Bulletin covers issues related to the long-term success of church retirement plans and compliance considerations. This chapter explores what it means to have church plan status and how minimum standards may play a part in establishing a balance of the core principles of benefit adequacy, benefit equity, and benefit security. In this bulletin, we discuss:
What does having church plan status mean?
How is a “church plan” different from corporate pension plans?
Should a church plan consider minimum requirements under ERISA?
What does this mean for church plans?
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The Bulletin: Guide to church retirement plans - Issue 4
Church retirement plans may be exempt from certain requirements under the Employee Retirement Income Security Act (ERISA), possibly affecting how they balance core principles.