NRECA processes scheduled payments from the 401(k) Pension Plan on the 22nd of each month, which allows participants to receive their payments by the first of the following month. To accommodate the year-end calendar, NRECA will be processing scheduled December[…]

On November 6, 2019 the Internal Revenue Service (IRS) announced benefit and contribution limits for employer-sponsored retirement plans for the 2020 tax year. The following chart summarizes the 2020 limits and includes the 2019 limits for comparison: Plan / Limit 2020 2019[…]