February Updates from Portico
Get Ready for Tax Season
Since congregations and clergy have unique reporting requirements, Portico offers complimentary access to two important resources:
- The Clergy Tax Return Preparation Guide by Richard R. Hammar focuses on tax-related topics most relevant to ministers.
- Federal Reporting Requirements for Churches helps congregations understand their federal tax-reporting requirements.
Both tax guides are available on myPortico and the Tax Filing Information tab on EmployerLink.
Burnalong “Refill Your Cup” Challenge
We’re all stronger when we’re all stronger – physically, emotionally, and spiritually. Portico plan members with ELCA-Primary health benefits, join the community as together we strive to complete 12,000 minutes of classes on Burnalong this February. Whatever activity or subject boosts your well-being, there’s probably a Burnalong class that can support you – or check out these suggestions on our February playlist. Complete 100 minutes and you might even win a prize! Get started today.
Notify Portico of Any Compensation Changes
To administer benefits accurately, Portico needs to know each member’s current compensation amount. If your congregation’s annual meeting included a salary or benefit adjustment, be sure your EmployerLink user notifies Portico within 60 days of the effective date of that change. Late notifications of compensation changes can impact your sponsored members’ retirement account contributions as well as disability and life insurance benefits.
