Insight
2023 IRS Limits Forecast - July
This is an update to the Milliman 2023 IRS limits forecast based on new data from the U.S. Bureau of Labor Statistics.
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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