The October 31 deadline to return your cooperative’s Retirement Security (RS) Plan and 401(k) Pension Plan restatement documents is only a month away. If you have already returned your documents, thank you for your assistance. Your co-op’s benefits administrator (BA)[…]
Now that the NRECA-sponsored retirement plans have been restated, your cooperative may want to amend its benefit plans, either later this year or at the most common date for amendments, which is January 1. Common changes include permitting Roth contributions[…]
NRECA will send notices later this week to all active employees and active directors who are eligible for Medicare—primarily those age 65 and older—and Medicare-eligible spouses and dependent children who currently have prescription drug coverage through the NRECA Medical Plan.[…]
Because the Retirement Security (RS) Plan continues to operate on an eight-month accelerated billing cycle, employer trust contributions are not invoiced from September through December. During these months, your cooperative’s RS Plan invoice shows an adjusted employer rate of 0.000%[…]
Next Friday, September 29, is the deadline for returning your cooperative’s completed documents to Cooperative Benefits Administrators (CBA) if you plan to offer tax-advantaged plan(s) in 2018. If your co-op sponsors a 125 plan, you must submit a payroll calendar[…]