The 2018 calendar of important compliance deadlines and reminders is now available on the Employee Benefits website. The calendar files contain 2018 compliance-related tasks and reminders for NRECA’s benefit plans. Once imported, a reminder for each approaching deadline and a[…]
On December 13, 2017, the Federal Reserve raised its benchmark interest rate by .25%. In response, U.S. banks are increasing the prime interest rate to 4.5%. Effective January 1, 2018, the NRECA-sponsored 401(k) Pension Plan’s loan interest rate, which is[…]
Please be aware of the following adjustments to NRECA schedules based on the upcoming holidays. NRECA’s offices, including the Member Contact Center, will be closed on the following days: Monday, December 25 Tuesday, December 26 Monday, January 1 On Friday,[…]
If your cooperative offers group term life insurance (either through the NRECA Group Benefits Program or another group plan), don’t forget to report imputed income on your co-op’s W-2 forms. To support your co-op’s year-end reporting requirements, NRECA’s benefits compliance[…]
Starting December 18, watch for a Message Center notification linking to your cooperative’s 2018 summary plan description (SPD) and summary of material modifications (SMM) documents. Benefits administrators will receive a notification listing available documents and linking to each one. Give[…]