Participation in Foursquare Benefit Plan
The Foursquare Benefit Plan is a group benefit plan administered by the national office and consists of a Group Insurance Plan (GIP) and a Pension Plan (PP). The plan is compulsory for all pastors and employees of a Foursquare church and meet the minimum eligibility requirements. See Administration Manual for more details.
Application for group insurance benefits should be completed at start of employment to ensure enrollment is completed within the prescribed time frame. Failure to have applications submitted before the end of the waiting period could result in the employee applying as a late registrant which is a lengthy process. It may also require the employee and family members to take additional health tests if there are pre-existing health conditions.
Applications for pension plan should be submitted in a timely manner to ensure contributions are paid in the year they are to be submitted and limits are not exceeded.
Eligibility for Participation
All employees are eligible to participate in the FBP under the following guidelines:
Waiting Period for eligibility of benefits:
Application for Enrollment
Applications for both GIP and PP can be obtained from the national office or from the Foursquare Benefit Plan Manual. Once completed by the employee, they are to be returned to the national office for processing.
Applications for GIP should be completed and sent to the national office at least 30 days prior to date of eligibility. Applications received after the 3 month waiting period will be treated as late registrants and restrictions could apply to the level of benefits received.
Premiums & Contributions
Group Insurance Plan: Monthly premiums are shared equally by the employee and the church. ½ of premium is to be deducted from employee payroll and ½ to be paid by the church.
GIP premiums are billed by the insurance company to the national office for all members on plan. The church will receive a premium invoice from the national office at the beginning of the month.
Pension Plan: Pension contributions are shared by the employee and the church. The employee can contribute between 3-7% of income; the church can contribute between 3-10%. Employee portion is to be deducted directly from payroll.
Pension contributions are not billed by the national office. The church sends PP payments to the national office along with GIP premium payments. Only contributions received will be submitted to the pension company.
Payments to Foursquare Benefit Plan
Payments for both GIP and PP are to be submitted monthly to the national office made payable to the Foursquare Benefit Plan. A Monthly Payment Distribution Breakdown form should be completed and included with payment.
Changes & Termination
Changes to employee information should be done by completing and submitting a Member Change Request form and sent to the national office for processing.
Salary changes may be submitted by completing the Change Salary section on the Monthly Payment Distribution form that is submitted with the premium payment to the national office. Once the change has been made, a new Certificate of Coverage will be issued to reflect the benefit changes. Premium adjustments will be made on monthly invoice.
Employee terminations must be submitted prior to or as soon as they occur. The easiest way to submit a termination is to send an email to the national office. The email should include the employee name and the last day of employment.
Once enrolled, the employee portion of benefit costs is deducted directly from monthly payroll.
See section J: Payroll – Payroll Calculation – Issuing Payroll Cheques for further instructions.
Submitting Benefit Plan Payments
The church submits their portion of the benefit costs along with the employees’ portion of the payment to the Foursquare Benefit Plan. See section K: Benefit Plan for further instructions.
Confluent Accounting Users:
• Employee portion of GIP and Pension Plan are entered in Employee Record (Deductions Tab) under Employees & Payroll. See section X: Confluent Accounting System – Payroll for further instructions.
• When calculating payroll cheques, the employee portion of GIP and Pension deductions will automatically be posted to GIP and Pension Plan payable accounts. The employer portion will have to be expensed at time of payment. See section X: Confluent Accounting System – Accounts Payable for further instructions.