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So far Chip Evans has created 54 blog entries.
Presented by PCA Retirement & Benefits, Inc. (RBI)
Wednesday, May 18, 2016
Covenant Presbyterian Church of Chicago, 2012 W. Dickens Avenue, Chicago, IL 60647
This special event will focus on helping you with financial planning. RBI will work with you to draw up a blueprint for your current financial […]
New PCA Retirement Plan Website – “Retirement Access”
PCA Retirement & Benefits, Inc. is pleased to offer our retirement plan participants a new website to access information about their retirement account. The new website, called Retirement Access, offers all of the same services as the previous version, but it also includes more security, more flexibility and […]
Long Term Disability became uniform post-tax premium on January 1, 2015
Payments of long term disability premiums have been processed and paid as pre-tax (Employer-paid) or post-tax (Employee-Paid) as agreed upon between the church and the employee. Beginning January 1, 2015 the Enhanced LTD1 and Basic LTD2 products are offered as Post-tax premium products. Up to […]
IRS Provides ACA Excise Tax Transition Relief for Small Employer Health Reimbursements through June 2015
The Internal Revenue Service (IRS) issued a notice providing excise tax transition relief for small employers (including churches) that reimburse or pay a premium for an individual health insurance policy for an employee. The excise tax will not be assessed for […]
for Small Employers Chip Evans 2017-05-16T16:05:03+00:00
Potential Tax Liability for Life Insurance Plans
Federal law requires that the cost of employer-provided group term life insurance in excess of $50,000 be reported as taxable income. This means that participants in the PCA insurance plans may have a tax liability for group term life coverage in the Basic Life, Standard Life, and / […]
Life Insurance Plans Chip Evans 2017-05-16T16:03:18+00:00
Plan Limitations for 2015
The IRS updates retirement plan contribution limits for defined contribution plans such as the PCA Retirement Plan each year. As announced October 23, 2014, the limits for 2015 are as follows:
Salary Reduction Limit (elective deferral employee contribution): $18,000 (increase of $500).
Internal Revenue Code Section 402(g)
Defined Contribution Limit (employer, plus employee): $53,000 […]
2015 Group Insurance Rates
The Board of Directors of PCA Retirement & Benefits, Inc. have approved the PCA Group Insurance rates for 2015. There will be no rate changes for organizations with Life Insurance. Dental and Vision Insurance Plans will increase 5%. LTD rates will also increase 5% on average. Please see the rate matrix in […]