The last day to submit 2022 billing frequency changes is December 1, 2021. Changes will take effect on January 1, 2022. If you want to keep your current billing frequency, no action is needed. To change the billing frequency for[…]
On November 4, 2021, the Internal Revenue Service (IRS) announced benefit and contribution limits for employer-sponsored retirement plans for the 2022 tax year. The chart below summarizes the 2022 limits, with 2021 limits included for comparison. This information is available[…]
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[…]