Forms, Investment Funds and IRS Limits
Annual Contribution Calculation Form - for all contributing participants to be completed each year and returned to the ACC Office by email, mail or fax by November 30
Salary Deferral Form--to be turned into your payroll department for salary deferral authorization
ACC Retirement Plan Full Enrollment Guide - for all participants, congregations and financial advisors; includes investment options and commonly asked questions
IRS Contribution limits
Section 415 of the Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. Section 415(d) requires that the Secretary of the Treasury annually adjust these limits for cost‑of‑living increases. Other limitations applicable to deferred compensation plans are also affected by these adjustments under Section 415. Under Section 415(d), the adjustments are to be made pursuant to adjustment procedures which are similar to those used to adjust benefit amounts under Section 215(i)(2)(A) of the Social Security Act.
Should you choose to exceed the limits the excess will be deposited into your non-qualified Supplemental Plan account.
Annual Limits
| Description and Calendar Year | 2024 | 2023 | 2022 |
| Maximum Employee Annual Contributions (under age 50) | $23,000 | $22,500 | $20,500 |
| Employee Catch-up Contributions (age 50 or older) | $7,500 | $7,500 | $6,500 |
| Maximum Employee Annual Contributions + Catch-Up (age 50 or older) | $30,500 | $30,000 | $27,000 |
| Maximum Employer + Employee Annual Contributions (under age 50) | $69,000 | $66,000 | $61,000 |
| Maximum Employer + Employee Annual Contributions (age 50 or older | $76,500 | $73,500 | $67,500 |
Retiree Forms
Mandatory Distribution Form (MRD)
Supplemental Plan Distribution Deferral Election
Retiring mid-year? Contact the ACC Office especially if you have not reached age 65 and wish to take parsonage as a retiree from the plan this year. First distributions can take up to 4 weeks to complete.