bruce bruinsma

It is possible to set up an arrangement using an MEP model. If there is a connection between the churches, can be set up more like a denominational plan: One plan, with "members' joining it. Typically in this type of arrangement, the Plan is the same for all with regards to the investment menu, etc. and then each "member" can determine the participation parameters plus answering the "Who gets what" and the amount of the church's contribution. Hope that helps. Bruce Bruinsma

A missionary organization has been putting monies into what is described as a Section 72 plan. The organization is chartered as a church. The monies are contributed after tax and apparently grow tax deferred. Advantageous because of the overseas exclusion allowance. I am not familiar with this type of plan and am wondering if it is part of old deferred comp approaches, etc. Also, what can be done with the monies other than indivisual distribution? Rollover to IRA, 403b, etc. Thanks for your help. Bruce