Compliance annual reporting for the 2021 plan year is now underway. The due date to send your cooperative’s questionnaire and W-2 salary data is Tuesday, February 15. This information helps the benefits compliance team perform annual required nondiscrimination testing on[…]
Your cooperative’s 2022 Group Benefits Program summary plan description (SPD) and summary of material modifications (SMM) documents are now available on the Employee Benefits website. All SPDs and SMMs for plans with special or exception designs will be available by[…]
Participants in the Retirement Security and 401(k) Pension Plans who received plan distributions were issued 2021 IRS Form 1099-R from NRECA for tax filing purposes. The 2021 Form 1099-Rs were mailed to participants late last week; however due to a[…]
NRECA can assist your tax-exempt cooperative in the annual preparation of Internal Revenue Service Form 990, Return of Organization Exempt from Income Tax. In particular, NRECA’s actuarial services team can calculate the change in actuarial value of Retirement Security (RS)[…]
As of January 15, 2022, the NRECA Medical Plan is covering at-home over the counter (OTC) COVID-19 tests approved by the Food & Drug Administration. Participants purchasing at-home over the counter FDA-approved COVID-19 tests will be reimbursed up to $12[…]