During the last webinar on the Affordable Care Act (ACA), we received many questions about the ACA tax reporting requirements and how they affect cooperatives. Speakers Seth Perretta and Malcolm Slee of the Groom Law Group and NRECA staff have developed[…]
NRECA runs all scheduled installment payments on the 22nd of each month, which allows individuals to receive their payment by the first of the following month. To accommodate the holidays, NRECA this year will be processing scheduled 401(k) Pension Plan payments[…]
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[…]