If your cooperative offers group term life insurance (either through the NRECA Group Benefits Program or another group insurance plan), you must report imputed income on employees’ W-2 forms. Life insurance imputed income worksheets for both 2021 and 2022 are[…]
In late December, UMR will mail new, redesigned health ID cards to participants in all NRECA medical, dental and vision plans for the 2022 plan year with the following changes required by the Consolidated Appropriations Act, 2021: Member service contact[…]
The NRECA employee benefits team is conducting an online survey as part of our ongoing efforts to hear from member cooperatives about the plans, programs, resources and services provided to assist you in your role as a benefits administrator. Get[…]
The final deadline for benefits administrators to complete annual enrollment online is 10:59 pm, Central time, tomorrow, November 18, 2021. If you need assistance, NRECA representatives will be available to help you until 7 pm, Central time. Please complete all[…]
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[…]