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,[…]
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[…]