Common Contracts
1 similar Employer Adoption Agreement contracts
Keep a copy of the Employer Adoption Agreement on file and send a copy to FCMM.Employer Adoption Agreement • March 4th, 2022
The Employer Adoption Agreement (Form 20) serves as a cover letter to the full FCMM Plan Document (Form 30) available online at www.fcmmbenefits.org. The agreement and the plan document together serve as the employing ministry’s legal retirement plan document. The employer must keep the Employer Adoption Agreement current in terms of the kind of retirement benefit provided. The IRS requires the employer to clearly communicate this benefit to its employees. The IRS further requires the employer to administer retirement contributions as adopted and communicated to employees. Failure to do so may result in significant penalties.
