In-Service Distributions with Loans Taking out money while you have a loan balance If you request an in-service distribution and have an outstanding loan balance, you must leave a minimum of $500 in your account. For example, if you have a balance of $2,000, and you...
How do we qualify for tax-exempt status? Understanding tax-exempt status Churches that meet the requirements of IRC Section 501(c)(3) are automatically considered tax exempt and are not required to obtain recognition of tax-exempt status. Many churches seek...
How do I add employees to our retirement plan? How do I add employees to our retirement plan? You can add employees to your retirement plan with 3 easy...
How Are Plan Documents Kept Current? Understanding how to keep Plan Documents current The Plan Document must be maintained (kept current). There are two pieces to this requirement. 1. The IRS requires that Plan Documents be periodically “restated” to...
