Church Compensation Planning
In addition to providing individual retirement options and financial tools for ministers, we can help churches and organizations establish proper compensation and benefits plans to serve their entire staff. Servant Solutions provides expertise in church benefits, compensation planning, and retirement plans for your team of clergy and church staff. Let our trusted financial advisors take away the burden of navigating the complexities on your own. Explore the advantages available to your organization through our comprehensive approach. It's one easy way to ensure everyone on your church staff is receiving the right resources and support for your organization’s retirement plan.
Financial Solutions for Your Church Staff
It is the congregation’s (more importantly, lay leadership’s) responsibility to ensure that their pastors and families are cared for properly. Here at Servant Solutions, we want to assist you in the important task of planning proper compensation and benefits for those who serve the Church. Every church should see that the pastor and any other full-time staff member has adequate salary along with other benefits (church-funded medical plan, life and disability protection, and payment into the Servant Solutions Retirement Plan, etc…). It is also very important not to confuse church-related ministry expenses as part of the minister’s pay. These items should be budgeted separately and recognized as part of doing ministry through an Accountable Reimbursement Plan.
Servant Solutions and Church of God Ministries has partnered to offer access to the best resources available to assist your church regarding budgeting, compensation, current tax laws and regulations. This resource is CHURCHEXCEL, available through ECFA (Evangelical Council for Financial Accountability). The EFCA website includes many downloadable resources such as: Printable Manuals, Electronic Tax Guides, Podcasts, and Webinars.
ECFA does not offer pastoral compensation worksheets, but we recommend the following resources to be very helpful in discovering appropriate pastoral compensation suited to your individual church situation.
For actual compensation worksheets:
Church Network Cost for Non-Member = $185. $85 discount on the subscription, so cost of $100 for the report.
Church Salary A resource of Church Law & Tax, Cost is $24.95 to access the report or $99 to create report annually.
Leadership Network Large Church Salary $449 one table.
Southern Baptist Convention Compensation Study Cost is free, and includes information from 2018 salary survey.
if the resources above do not fit your needs or timing, Servant Solutions can prepare a rough estimate for specific positions. If interested, please click here.
Download a copy of our 8-page planning booklet “Compensation Planning” today.