Annual Compensation Reports
Learn more about ACRs
Every year we ask employers to complete an Annual Compensation Report (ACR) for their workers. This important form helps ensure that your workers are receiving proper benefits and that you are accurately billed.
CPS uses the Annual Compensation Report (ACR) to accurately:
- Calculate your organization’s contributions for Concordia Retirement Plan and Concordia Disability & Survivor Plan.
- Determine disability, death and retirement benefits for your workers.
- Create an accurate Personal Statement of Benefits for your workers.
Watch for details later this year regarding 2024 salary submissions.
If you are reporting compensation for a multiple parish arrangement, special rules apply. Only the “contact congregation” is required to report compensation. Click here for more information.
Eligibility for participation in the CRP and CDSP
Plan provisions require that any worker, regardless of age, gender, occupation, or faith, who is customarily employed more than 20 hours per week and more than five consecutive months be enrolled in the Concordia Retirement Plan and Concordia Disability & Survivor Plan. A worker meeting this criteria is also eligible for the Concordia Retirement Savings Plan 403(b), if you offer this plan, and may be eligible for the Concordia Health Plan, depending on your organization’s hour’s declaration for eligibility. These provisions apply to all workers—pastors, teachers, and preschool teachers, as well as day care workers, custodians, secretaries, cafeteria workers, and other occupations.