Cooperatives interested in participating in the Retirement Security (RS) Plan’s Voluntary Contribution Acceleration Program (VCAP) in 2020 should notify their field representatives of their interest before the beginning of December. All new VCAP agreements must be signed by co-op representatives[…]
Wave 2 of the NRECA group benefits online annual enrollment for participants closes at 8 pm, Eastern time, on Monday, November 18, 2019. The final deadline for benefits administrators to complete annual enrollments online is Wednesday, November 20, 2019. Benefits administrators[…]
Early in October, we announced that the new registration and log-in processes for cooperative.com had launched. In the last 30 days, we’ve had over 27,000 active users log into the website. We have received reports from website users about blocked[…]
Take action to verify compliance with 2019 maximum contribution limits for your plan participants before year’s end. Annual contribution limitsCooperatives sponsoring tax-exempt or governmental deferred compensation 457(b) plans for employees or directors need to limit salary deferrals to $19,000 for 2019. The annual[…]
On December 11, 2019 at 2 pm, Eastern time, join Carol Barnes and Jeff Blaszkowski of NRECA’s retirement compliance team to learn how to prepare and send your cooperative’s 2019 compliance data. First, the presenters will explain the reporting process,[…]