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 January 1, 2022. For 2022, the annual enrollment period runs[…]
A recorded version of the most recent lunch-and-learn webinar hosted by the Personal Investment & Retirement Consulting (PIRC) team is now available on the NRECA Employee Benefits website. In the September 14 webinar, PIRC planner Will Black walked attendees through[…]
The Internal Revenue Code requires retirement and nonqualified deferred compensation 457(b) plan participants who have reached a certain age and separated from service to receive required minimum distributions from their accounts each tax year. These required minimum distribution rules generally[…]
NRECA is mailing important 401(k) Pension Plan notices the week of October 3, 2021. The notices are being sent to all cooperative employees, plan participants and beneficiaries who are eligible to make or change investment elections in the 401(k) Plan.[…]
As announced earlier, benefits administrators should run 2021 Retirement Security (RS) Plan estimates—and, for participants who want to compare results for more than one retirement date, 2022 estimates using assumed rates—on the Employee Benefits website as early as possible but[…]