The IRS has provided relief to certain 401(k) plan participants, making it easier for a participant to receive loans or hardship distributions to pay for their own or a relative’s financial hardship caused by either Hurricane Maria or the California[…]
CVS Caremark®, NRECA’s pharmacy benefit manager, has updated the list of drugs covered under NRECA’s prescription drug benefit for 2018. This list—called the Performance Drug List—contains the most commonly prescribed brand and generic drugs. Effective January 1, 2018, the drugs[…]
The 2016 Summary Annual Reports (SARs) for the NRECA Group Benefits Program and the NRECA-sponsored 401(k) Pension Plan, along with the combined distribution instructions and acknowledgement form, are now available on the Employee Benefits website. Distribute by December 15, 2017[…]
Take action to verify compliance with 2017 maximum contribution limits for your plan participants before year’s end. Annual contribution limits Cooperatives sponsoring tax-exempt or governmental deferred compensation 457(b) plans for employees or for directors need to limit salary deferrals to $18,000[…]
Hard copies of the new prescription drug handbooks, which were announced in last week’s I&FS Weekly, are available to order. Contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop to order copies. Choose from the following handbooks to match your[…]