Concordia Plan Updates

Online Meeting about Concordia Health Plan Changes in 2021

Concordia Plans are inviting you to Town Hall meetings to discuss the changes coming to the Concordia Health Plan in 2021. These changes are the result of the feedback you and other employers have been telling us you want in the CHP options. I think you’re going to be excited about the flexibility and simplicity… Read more »

Housing Allowance Ruling Victory for Rostered Church Workers

Last Friday, the Seventh Circuit Court of Appeals ruled that the clergy housing allowance is constitutional. In overturning a 2017 lower court ruling, the Appeals Court ensured that each rostered LCMS minister can continue to exclude a housing allowance on his or her federal income taxes if the IRS requirements for the housing allowance are… Read more »

Help Your Workers Stay Safe This Tax Season

As more Americans store information in the cloud, file their tax refunds electronically and have their refunds direct deposited, there are more opportunities for online thieves to steal your workers’ identities. Resolving tax fraud could take months of forms and fighting, and that means less time serving. How can they protect themselves from these thieves?… Read more »

More CPS Resources for 2019 Open Enrollment

2019 is different in many ways from past open enrollments. Workers will go online on the member portal to make elections (they will need to set up their own account and register) and they can elect financial options as well as health care. From our Concordia Plan Services representative, Maureen Schneider, here are some things… Read more »

2019 Health Care Election

Congratulations to all who successfully made your 2019 health plan election on our new portal! We appreciate your patience as we transition to an online process. If you did not make an election by 8/24/18, you will automatically default to your current/2018 option(s). Several employers asked about next steps in our new process. Here is… Read more »

Lifestyle Benefits through Concordia Disability

Securian Financial, which administers the survivor benefits and supplemental life insurance for the Concordia Disability and Survivor Plan (CDSP), is changing the name of its LifeSuite Services to “Lifestyle Benefits.” There are no changes to the existing benefits, which are automatically available at no cost to all members enrolled in the CDSP, their spouses and… Read more »

Concordia Plans AutoSave Feature

As you have probably heard in the news or read in various articles, our nation is facing a dilemma. Based on Time.com (March 14, 2016), 1 in 3 Americans have $0 saved for retirement and 56% of Americans have less than $10,000 saved for retirement. Consequently, more and more individuals will be relying solely on… Read more »

Concordia Plan Services Updated Administrative Guides

Concordia Plan Services recently updated their  Administrative Guides. Here are links to the them on the Concordia website: Administrative Information for Treasurers and Business Managers – 2018 Guide (form # 12084): http://www.concordiaplans.org/system/user_files/Documents/12084_1.pdf Administrative Guide – Retirement Savings Plan (CRSP) – 2018 Guide (form # 12083): http://www.concordiaplans.org/system/user_files/Documents/12083.pdf There are no changes to your responsibilities or any… Read more »

Supporting Your Workers’ Financial Wellbeing

As you know, CPS is focused on total wellness, including physical, emotional, spiritual and financial. I am writing to remind you of one way that you could support your workers’ journey to financial wellbeing. The Concordia Retirement Savings Plan (CRSP) includes a feature that allows employers to automatically withhold a specified percentage of a worker’s… Read more »

Updates to Concordia Retirement Savings Plan

Fidelity will be sending an email to any individual with a CRSP balance entitled “What you need to know about the new tax bill.” The link in the email go to the Fidelity NetBenefits log in page where members can open an article that outlines the tax bill changes, including: Adjusted tax brackets and lower… Read more »