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[…]
As announced last month, the collection period for annual base salary data closes October 7, 2022. Cooperatives with salary-based benefits should go to the Employee Benefits website’s November 15 Base Salaries event to: Verify that your employees’ job positions in your co-op’s human[…]
Annual renewals for NRECA group benefit plans for the 2023 plan year are due by 11:59 pm, Eastern time on Friday, September 23, 2022. Remember, to ensure your cooperative’s annual benefits renewal is complete you need to: Take action on each of[…]