Effective October 15, 2020, NRECA has implemented an enhancement that provides reminders and prevents transfers, loans or hardship withdrawals that are not compliant with the minimum account balance policy when requested by participants in the NRECA-sponsored 401(k) Pension Plan. Participants[…]
Now that you’ve elected your cooperative’s group benefit plans during annual renewal, your co-op’s employees can enroll in or change their benefits for the upcoming plan year. Changes go into effect on January 1, 2021. For 2021, the annual enrollment period[…]
The recording of the Planning for Health Care Benefits in Retirement webinar held in late August has been posted on the Employee Benefits website, along with the presentation slides and a summary of the question and answer period. Visit the[…]
The deadline is fast approaching for benefits administrators who wish to run Retirement Security (RS) Plan estimates for 2020 or, for participants who want to compare results for more than one retirement date, for 2021 using assumed rates. As announced[…]
Last week, your cooperative should have received an email with information about 2021 open enrollment, which runs from November 1–30, 2020. Separate information was sent for the 125 Plan and health reimbursement accounts (HRAs), so if your co-op offered both[…]