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Author Archives: Beth Knight-Pinneo, Alliance Benefits

April 22, 2021

What Exactly is a Church Retirement Plan?

A church retirement plan is a defined contribution plan specifically designed for the unique needs of churches or church organizations. In addition, a church retirement plan offers retired ministers the ability to have retirement distributions designated as housing allowance. After working with Alliance Benefits for over 20 years, I’m usually not surprised by the questions [...]

March 18, 2021

Cybersecurity Tips for 403(b) Accounts

Like a roaring lion, today’s cybercriminals are prowling about online, seeking whose funds they can devour. Thankfully, applying a few simple tips goes a long way in protecting your employees’ 403(b) accounts from thieves. Following are some tips shared with us by Empower Retirement, a leading expert in retirement account cybersecurity. Empower takes the business [...]

October 29, 2020

Avoiding 403(b) Errors on Your Paystub

If you are a pastor, chances are you love encouraging your church members, creating your next sermon series, or brainstorming new ways to reach your community. It’s just a wild hunch, but we’re guessing that double-checking your 403(b) contributions are not all that high on your list of pastoral things to do! For us in Alliance [...]

May 27, 2020

Your Quick-Start Guide to Pre-Certification

As hospitals begin to open for non-emergency procedures, now is an excellent time to be reminded of pre-certification requirements. Pre-certification, often referred to as prior authorization, is the process used by health insurance companies to confirm that a service to be performed is medically necessary. Taking time to be sure you have all your ducks [...]

January 22, 2020

2020 IRS Contribution Limits

Now that it’s January, perhaps you are curious what you can contribute to your 403(b) and your HSA for 2020. Health Savings Account (HSA) Contributions If you are on an HSA-eligible health insurance, such as the Alliance Health Plan, here are the IRS maximums you can contribute to your HSA. Employee and employer HSA contributions [...]

October 4, 2019

Thriving Together

Around this time of the year, many of our churches are reviewing employee benefits and considering whether to stay with their current health plan or move to a new one. Alliance Benefits understands the difficult decisions churches have in balancing cost while also trying to accommodate and provide a complete benefit solution for their employees. [...]

September 18, 2019

Saving Together

Unpredictability—here on earth it’s the one thing about the future we can all agree on. Day-to-day challenges keep most churches and ministries struggling to keep up, let alone thinking ahead to the future. For some, retirement may seem like a long way off. For others, it is just around the corner. Regardless, saving for retirement [...]

August 19, 2019

Protecting Those You Leave Behind

Nearly everyone believes life insurance is important, but at least 40% of Americans don’t have any, and many others don’t have enough. Do you know if you have enough life insurance? Life insurance is, very simply, an income replacement for your family. What would you need to protect those you love if you were no [...]

May 1, 2019

What If Your Pastor Could No Longer Work?

If your pastor experienced a serious disability and became unable to work, does he have a financial safety net? What about the impact to your church as you make decisions about helping your pastor and his family? In the US, about one in seven people ages 35-65 may become disabled for five years or longer. The [...]