This chapter applies only to 2001. Changes for 2002 are explained under Ministers and Church Employees in chapter 9.
Self-employed ministers and church employees are eligible to participate in 403(b) plans. In general, self-employed ministers and church employees
follow the rules explained in chapters 2 through 6. Generally, their MAC for 2001 is the least of the following amounts.
- Maximum exclusion allowance (MEA).
- Limit on annual additions.
- Limit on elective deferrals.
Although, in general, the same rules apply, there are changes in how the MEA and the limit on annual additions is calculated. This chapter will
explain those changes.
Who is a church employee?
A church employee is anyone who is an employee of a church or a convention or association of churches, including an employee of a tax-exempt
organization controlled by or associated with a convention or association of churches.
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