As a reminder, the maximum 401(k) contribution amount for 2026 is $24,500. Individuals aged 50 and older may contribute an additional $8,000 in catch-up contributions; however, starting in 2026, catch-up contributions for participants with earnings of more than $150,000 in[…]
CVS CaremarkTM, NRECA’s pharmacy benefits manager, has announced changes to the NRECA Medical Plan’s prescription drug coverage that will take effect October 1, 2026. CVS Caremark regularly reviews and updates the lists of covered drugs to help ensure participants have access[…]
Happy Independence Day to all of our co-op members! NRECA Employee Benefits Weekly will return on July 8. Additionally, NRECA’s offices, including the Member Contact Center, will be closed Friday, July 3.
Later this week, a summary of material modifications (SMM) for the NRECA Medical Plan will be released to cooperatives offering the plan. The SMM is effective July 1, 2026, and must be distributed to participants no later than August 31,[…]
Have you registered to attend the June 23 “401(k) Administration Transition Overview” webinar at 2 p.m., Central time for benefits administrators? Don’t miss this session hosted by NRECA’s Laura Schumann, Vice President, Benefit Product Development & Management, and Krista Britton,[…]