In mid-October, you should have received a Message Center alert linking to your 2015 Summary of Benefits and Coverage (SBC) documents. Your cooperative should have received an SBC for all medical plans (except for the Retiree Medical Coinsurance Plan) as[…]
As your co-op prepares to enroll employees in tax-advantaged side accounts during open enrollment, which runs from November 1–30, an instructional resource is available online. The webinar that was held on October 2, “Tax-Advantaged Side Accounts: A New Administrative Portal[…]
On October 23, the IRS announced benefit and contribution limits for qualified and non-qualified retirement plans for the 2015 tax year. Compensation limit for employer contributions For 2015, compensation must be limited to $265,000 for purposes of calculating 401(k) Pension[…]
In early October 2014, the U.S. Supreme Court refused to review a federal circuit court ruling requiring the Commonwealth of Virginia to recognize same-sex marriages. Consequently, the circuit court ruling requiring Virginia to recognize same-sex marriages stands. This impacts the[…]
Employee annual enrollment for 2015 runs from October 30 to November 26, 2014. During that period, employees or benefits administrators (BAs) can elect benefits for 2015 on the Employee Benefits website. BAs can access the system the entire time, from[…]