2022 401(k) Plan Employer-paid Expense Estimates

Each year, NRECA invoices each participating cooperative directly for its 401(k) Pension Plan employer-paid expenses. To help co-ops plan for their 2022 expenses, an estimate of this expense is prepared for each co-op by subgroup. An email containing co-op-specific estimates will be sent the week of September 27, 2021 to CEOs and benefits administrators.

For 2022, the estimated employer-paid expense rate will be 0.0989%, which is a decrease from 0.1248% in 2021.

Invoices in late December
The estimates for each co-op are for the full year and are based on a calculation using active employees’ account balances as of July 1, 2021. Actual 2022 invoices will be provided on the Employee Benefits website to those with benefits administrator access in late December 2021.

For more information about your co-op’s estimated 401(k) Plan employer expense for 2022, contact your field representative or the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.