Because the Retirement Security (RS) Pension Plan—for financial reporting purposes only—is considered a multiemployer plan, participating cooperatives generally need to follow Accounting Standards Update (ASU) 2011-09 when preparing their annual financial statements. An NRECA fact sheet that details ASU 2011-09[…]
On January 8, your cooperative’s 2020 Group Benefits Program summary plan description (SPD) and summary of material modifications (SMM) documents were made available on the Employee Benefits website for you to download and distribute. Remember to give these notices to[…]
2019 compliance annual reporting and nondiscrimination testing is now underway. Send your cooperative’s questionnaire and W-2 salary data by February 14, so that the benefits compliance team can perform your co-op’s retirement plan nondiscrimination testing in time to avoid possible[…]
The most recent lunch-and-learn webinar sponsored by the Personal Investment & Retirement Consulting (PIRC) team, Customizing Your 401(k) Account, is now available on the NRECA Employee Benefits website. In the December 12 webinar, PIRC team member Phil Carrasco surveyed the[…]
The Compliance Annual Reporting webinar held on December 11, 2019 is now available on the Employee Benefits website. You can listen to the recording, view the presentation slides, and review the webinar questions and answers at your convenience throughout the[…]