As we first communicated to you in August 2019, many cooperative employees who are eligible for full or quasi-retirement will be requesting benefit estimates (projections) from the Retirement Security (RS) Plan. As such, benefits administrators should run 2019 estimates on[…]
Because the Retirement Security (RS) Plan continues to operate on an eight-month accelerated billing cycle, employer trust contributions are not invoiced from September through December. During these months, your cooperative’s RS Plan invoice shows an adjusted employer rate of 0.000%[…]
Each year, NRECA invoices each participating cooperative directly for its 401(k) Pension Plan employer-paid expenses. To help co-ops plan for their 2020 expenses, an estimate of this expense is prepared for each co-op by subgroup. An email containing co-op-specific estimates[…]
Summary Annual Reports (SARs) for the 401(k) Pension Plan and Group Benefits Program will be provided in November 2019 for you to give to plan participants. At that time, NRECA will post the SARs on the Employee Benefits website and[…]
Will your cooperative offer the CBA-administered 125 Plan or a health reimbursement arrangement (HRA) plan in 2020? If so, you’ll need to take an important additional step this year: distributing updated summary plan descriptions (SPDs) to your participating employees and/or[…]