If you’re thinking of amending your Retirement Security (RS) Plan or 401(k) Pension Plan early in 2023, contact your NRECA field representative soon to start discussing the process and timing. For simple changes, contact NRECA at least 60 days before[…]
If you’ve already returned documents supporting the July 1 deadline for the Retirement Security (RS) Plan and 401(k) Pension Plan restatements, thank you for your assistance. Adoption agreements that were received, processed, and countersigned by September 15 will be released[…]
Effective October 1, 2022, the 401(k) Pension Plan’s loan interest rate, which is set quarterly at 1% more than the nation’s prime interest rate, will increase to 7.25%. Things you and your employees should consider about loansIf your cooperative offers[…]
If your cooperative offers the NRECA Medical Plan, you will receive a Message Center notification on September 30 directing you to the quarterly medical plan summary of material modifications (SMM) that takes effect on October 1, 2022. Give the SMM[…]
The newest webinar from the Personal Investment & Retirement Consulting (PIRC) team aired on September 15 and attracted a large and engaged audience of retirement plan participants across the country. If you have employees who may be thinking about retirement[…]