Some NRECA prescription drug plan participants will receive a mailing the week of November 17, 2014 announcing 2015 formulary prescription drug changes. The mailing explains the changes and provides a list of drugs that are being removed from formulary status.[…]
NRECA is pleased to announce that beginning January 1, 2015, flu vaccines will be 100% covered through the NRECA prescription drug benefit with CVS/Caremark. This change will help cooperative employees avoid the flu by having greater access to vaccines through[…]
Compliance annual reporting is fast approaching. Each year, co-ops send their retirement questionnaire and W-2 data for nondiscrimination testing. Join us This year’s webinar will be held on December 10, 2014 at 2 pm ET. Compliance staff will explain the[…]
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)[…]