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 year-end holiday timing, NRECA will be processing scheduled December[…]
Take action to verify compliance with 2021 maximum contribution limits for your 457(b) Plan participants before year’s end. Annual contribution limitsCooperatives sponsoring tax-exempt or nonqualified governmental deferred compensation 457(b) plans for employees or directors need to limit salary deferrals to $19,500 for 2021. The[…]
On March 31, 2022, Fitbit will terminate its dashboard and the availability of custom challenges, which are run through the dashboard. If your cooperative uses the Fitbit dashboard to facilitate challenges, all challenges must end before March 31, though you[…]
Information has been added to the Employee Benefits website to help benefits administrators and participants better understand the NRECA Medical Plan hearing aid benefit. The new resources, which include a BA Guide page, participant page and flier, provide an overview[…]
The 2020 summary annual reports (SARs) for the NRECA Group Benefits Program and the 401(k) Pension Plan are now available on the Employee Benefits website. Give the applicable SAR to participants in your cooperative’s plan(s) no later than December 15,[…]