125 and HRA Plans: Send Your 2021 Documents by September 25

If your cooperative is adopting or making changes to its 125 Plan and/or HRA plan for the 2021 plan year, you have just a few weeks to return completed documents to Cooperative Benefit Administrators (CBA). All documents should be sent to CBA by Friday, September 25, 2020.

Also, please remember: If your co-op sponsors a 125 Plan, you must submit a payroll calendar each year for each subgroup administered—whether or not your co-op is making any changes to your plan. Plan dates in the payroll calendar must all be in the 2021 calendar year.

Sample documents and other materials you’ll need can be found on the NRECA Employee Benefits website, in the BA Guide, under Tax-Advantaged Accounts:

• 125 Plan documents
• HRA documents (includes retiree HRA plans)
• Information on plan features, including the debit card

Not sure which documents you need to complete? Refer to the fliers Making Changes to Your 125 Plan and Making Changes to Your HRA Plan, which will tell you exactly what’s required.

Open enrollment: November 1–30
The period for enrolling your employees in tax-advantaged plans will run from November 1–30. Look for email(s) about the open enrollment process next month.

For questions about adopting plans, plan changes, or open enrollment, contact CBA at 866.673.2299 and choose option 1, then 4, or email cba.fsa.hra@nreca.coop.