In addition to being able to receive their 401(k) Pension Plan account statements electronically, participants in NRECA’s 401(k) Plan now have the option of opting into receiving electronic confirmation of changes they make to their 401(k) account, including: Changes to[…]
On October 28, if your cooperative offers the NRECA-sponsored 401(k) Pension Plan and has a Safe Harbor design that requires an annual notice, you will receive a Message Center notification linking to the 2021 notice. Download the notice and give it[…]
November 1, 2020 is the deadline to give 2021 summary of benefits and coverage (SBC) documents to plan participants and beneficiaries. SBCs were released in September for distribution either with your annual enrollment materials or by November 1, if earlier. Download your cooperative’s[…]
On October 26, 2020, the Internal Revenue Service (IRS) announced benefit and contribution limits for employer-sponsored retirement plans for the 2021 tax year. The chart below summarizes the 2021 limits, with 2020 limits included for comparison. This information is available[…]
The most recent lunch-and-learn webinar sponsored by the Personal Investment & Retirement Consulting (PIRC) team, Help! I Started Retirement Planning Late, is now available on the NRECA Employee Benefits website. In the September 24 webinar, PIRC team member Monty Bilkert[…]