At the June 2020 meeting of the CBF Church Benefits Board via Zoom, the board affirmed three commitments that will leverage economies of scale, lower fees, and improved client service. These actions come as CBB’s assets under management have exceeded $80 million, and CBB received approval from the IRS for a new plan document that reinforces CBB’s commitment to serve churches and members.
In the midst of the storm, there are some rays of hope. Read the letter from Rob Fox about three recent developments with CBF Church Benefits.
Our thanks to Art Wright for sharing a reflection entitled Faithful Saving: Retirement Accounts, Spirituality, and the Pandemic.
Additional information and the application for the Paycheck Protection Program (PPP) has been released by the U.S. Treasury. The PPP prioritizes millions of Americans employed by small businesses and eligible nonprofit organizations by authorizing up to $349 billion toward job retention and certain other expenses.
The CARES Act has been signed into law. Click here to read important Retirement Plan Provisions of the CARES Act.