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?