March 1 was the deadline to distribute your cooperative’s 2020 NRECA Group Benefits Program summary plan description (SPD) and summary of material modifications (SMM) documents to plan participants. Remember to complete all outstanding distribution acknowledgements no later than March 15.[…]
Beneficiary payments for the NRECA-sponsored 401(k) Pension Plan and Retirement Security Plan as well as NRECA-sponsored life, accidental death and dismemberment and business travel accident insurance plans are distributed according to the most recently dated and signed beneficiary documentation. For[…]
The health and safety of our member cooperatives and plan participants is always of the utmost importance. As reports of the novel coronavirus (COVID-19) continue, we want to provide you the most current information on how NRECA employee benefits will[…]
Participants in nonqualified deferred compensation 457(b) plans who are no longer working, reached age 70½ in 2019, and chose to delay their first required minimum payment until 2020, must take their distribution by April 1. Participants who do not withdraw[…]