Cooperatives participating in the Retirement Security (RS) Plan received invoices during October through December that contained estimated results of the RS Plan true-up calculation. The true-up process is intended to reconcile such items as the addition or deletion of individual[…]
The March 1 deadline to distribute 2016 summary plan descriptions (SPDs) for your NRECA group benefit plans is approaching fast. A Message Center alert was sent in December directing users to the documents, which are located on the Employee Benefits[…]
Nondiscrimination testing data for your cooperative is due next Tuesday, February 16. The retirement compliance team uses this data to perform nondiscrimination testing that is required to keep your co-op’s plan in compliance. Find the questionnaire on the W-2 Salary[…]
NRECA has created a resource guide to help your employees take advantage of prescription drug plan benefits available under the NRECA Medical Plan. The NRECA Prescription Drug Resource Guide points participants to various resources on the NRECA Employee Benefits website,[…]
A substantial number of participants in NRECA’s retirement plans are 50 and older. Inevitably, some of these participants (or their spouses) will experience the death of a spouse before normal retirement age. Of the 126 401(k) Pension Plan participants who died with balances in[…]