To prepare for the 2021 nondiscrimination testing cycle, the benefits compliance team will archive all test results from the 2020 plan year after the close of business on January 21, 2022. Test results are available online throughout the year to the primary[…]
The 2022 compliance reminder calendar is now available on the Employee Benefits website. Each year, the benefits compliance team provides files containing tasks and reminders for NRECA’s benefit plans during the upcoming plan year. Once imported, reminders for each approaching[…]
Your cooperative’s 2022 summary plan description (SPD) and summary of material modifications (SMM) documents will be available for download and distribution to plan participants starting December 17, 2021. The documents are due to participants and beneficiaries no later than March[…]
The initial data reports from NRECA to help cooperatives prepare for Affordable Care Act (ACA) tax reporting for the 2021 tax year will be released December 16. They will be provided through the Message Center on the Employee Benefits website to all co-ops[…]
2022 lump sum rates have not yet been announced by their respective government agencies. Once they have been announced and loaded into the Retirement Security Plan’s administration system, we will issue a priority alert message with the rate information.