Effective in 2014, NRECA will mail two required 401(k) Pension Plan disclosures together: the Participant Fees Annual Disclosure (PFD) notice and the Qualified Default Investment Alternative (QDIA) notice. Both notices must be sent annually to each participant or beneficiary who[…]
The 2013 Summary Annual Reports (SARs) for the NRECA Group Benefits Program and the NRECA 401(k) Pension Plan, along with the distribution instructions and acknowledgment, are now available on the Employee Benefits website. The Employee Retirement Income Security Act (ERISA)[…]
The online annual enrollment period for cooperative employees in Wave 1 closes next Monday, November 17, 2014. Wave 2, which is currently in process, runs through November 24. Benefits administrators have until November 26 to complete annual enrollments online for[…]
The Internal Revenue Service last month announced the maximum salary that can be used in determining benefits for a Retirement Security (RS) Plan participant in 2015. The maximum 2015 salary is $265,000, $5,000 greater than the 2014 maximum salary of[…]
As your employees approach retirement age, they have important decisions to make. The end of the calendar year is a particularly busy period for Retirement Security (RS) Plan administration, with many participants who are eligible to retire or quasi-retire asking[…]