With the passage of the Budget Act of 2015 earlier this month, “file and suspend,” a popular benefit claiming strategy that gave married couples the potential to greatly increase their lifetime Social Security retirement benefits, will be eliminated beginning in[…]
If your cooperative sponsors the NRECA 401(k) Pension Plan with the Safe Harbor provision, you should have already received a Message Center alert with a link to your 2016 Safe Harbor notice. If you haven’t already, please give the notice[…]
Take action to verify compliance with 2015 maximum contribution limits for your plan participants before year end. Cooperatives sponsoring tax-exempt or governmental deferred compensation 457(b) plans for employees or for directors need to cap salary deferrals at $18,000 for 2015. Employees[…]
Once again, compliance annual reporting is fast approaching. As you get ready to gather your compliance data, don’t forget to join the NRECA retirement compliance team on Wednesday, December 9 at 2 pm ET for our annual webinar. Each year,[…]
The 2014 Summary Annual Reports (SARs) for the NRECA Group Benefits Program and 401(k) Pension Plan are now available on the Employee Benefits website. The Employee Retirement Income Security Act (ERISA) requires that a summary of the annual Form 5500[…]