The Internal Revenue Code (IRC) requires plan participants to receive a certain portion of their Executive Compensation 457(b) Plan account each year based on the life expectancy of the participant (or the joint lives of the participant and beneficiary) when[…]
Open enrollment for CBA-administered tax-advantaged accounts begins next Wednesday, November 1, and runs through Thursday, November 30. If your cooperative will offer one of these plans in 2018, you must enroll your participating employees in flexible spending accounts (FSAs) and[…]
2018 summary of benefits and coverage (SBC) documents must be distributed to your employees by November 1, 2017. If you haven’t yet distributed these notices, take time to do that now. The SBC is an annual disclosure required by the[…]
If your cooperative offers the Safe Harbor provision for the NRECA-sponsored 401(k) Pension Plan, watch for a Message Center notification starting October 27. Safe Harbor notices will be released electronically to co-ops with the provision. The Message Center notification will contain[…]
The Rewards for Life® program is the incentive and rewards platform that’s part of the NRECA wellness program; it’s provided at no additional cost as a part of your NRECA Medical Plan. The 2018 program, managed through WebMD MyHealth Manager,[…]