A rate sheet will be emailed to the primary benefits administrator (BA) at all co-ops on August 12. NRECA will provide annual renewal materials for 2015 to non-experience-rated cooperatives—generally those covering fewer than 100 employees—by email only. These co-ops will[…]
Two summary of material modifications (SMM) disclosure notices are available to explain retirement plan changes to your employees. If you haven’t done so already, download and distribute the Retirement Security (RS) Plan SMM and the 401(k) Pension Plan SMM. Two[…]
The recording and presentation slides from the Retiree Health Reimbursement Arrangements (HRA) webinar, held on July 9, are available on Cooperative.com. During the webinar, Roger Wilson, manager of Group Life, Disability and Retiree Insurance Solutions for NRECA, described the features[…]
Co-ops should review updated plan documents with their legal counsel before returning them to CBA. If your co-op is planning to adopt the new carryover feature that applies to health flexible spending accounts (Health FSAs) and limited-use health FSAs (LU-Health[…]
Some cooperatives told us they felt a letter about the Retiree Insurance Solutions transition sent from them to their affected participants before the NRECA announcement letter is sent on August 14 would be appropriate. A template letter co-ops can customize[…]