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For many international staff who qualify for the Foreign Earned Income Exclusion, the parsonage does not typically lower their tax liability since the Foreign Earned Income Exclusion exempts them from paying federal income taxes on any earned income under $105,900 (for tax year 20182019).
401k and Reliant
Reliant does offer an employer match. Reliant matches up to 5% of your salary in a contribution (if you contribute at least that much through payroll deductions – i.e., a match). The source of the employer match is from funds raised to the MTD account that funds your ministry (so you have to raise the match). Reliant allows you to choose whether funds are contributed “Pre-Tax” or Roth. Naturally the match is never post-tax, although there is a conversion process if you want your employer match converted to Roth funds. You can find more information at 401(k) Retirement Plan.
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