Administrators' Resource Center
2023 Imputed Income Report
Section 79 of the Internal Revenue Code requires that employers calculate imputed income for employees who receive group term life insurance coverage in excess of $50,000. Employees who have this type of group term life insurance coverage are required to pay income taxes and employment taxes on the value of that insurance coverage in excess of $50,000.
We have done the calculations for you. 2023 Imputed Income Reports for group term life insurance provided by The Church Pension Fund (CPF) through Church Life Insurance Corporation (Church Life) valued at over $50,000 are now available in the My Admin Portal (MAP).
You can access the file for your institution by logging into MAP with your username and password. To access the 2023 Imputed Income Report for your group, click on “Reports” located in the top navigation bar. Then select “Diocesan & Institutions” and select “Imputed Income Reports.”
Questions? Please email firstname.lastname@example.org.
- Letter to Active Clergy
- Letter to Retired Clergy
- Letter to Active Clergy (no employer)
- Letter to Active Clergy (Spanish)
- IRC Calculation Table
Update to New Hire Process
Diocese Administrators may now assign self-enrollments to new employees for group health and disability benefits. This streamlined approach, which will be rolling out to Institution Administrators in early 2024, will allow administrators to enter personal and employment information and manage enrollments in retirement and group benefits all in one workflow.
Please watch this webinar on the new process for more information.
Guides & Resources
Quick guides and checklists to help with the processes and procedures around new hires, terminations, and changes in an employee’s compensation and personal status.