NRECA prides itself in providing strong member service—modeling itself on the many examples exemplified by our co-op members. We welcome member feedback through many direct channels and want to expand this to obtain immediate caller feedback from plan participants and[…]
The current issue of Benefits Bulletin is online. Read about: The fiduciary and compliance duties that NRECA performs on behalf of cooperatives that participate in the NRECA employee benefits program in Peter Baxter’s Plan Perspective column Reminders on activities and[…]
As previously announced, the ACH authorization form used to update bank account information related to retirement plan transactions has been discontinued. Beginning November 21, cooperatives will be able to update and manage multiple bank accounts on the NRECA Employee Benefits[…]
Retirement Security (RS) Plan benefits paid as a single cash payment (sometimes referred to as a “lump sum”) are variable year over year, with interest rates playing a large part in determining the value of a participant’s final benefit paid[…]
The deadline is fast approaching for benefits administrators who wish to run Retirement Security (RS) Plan estimates for 2022 or, for participants who want to compare results for more than one retirement date for 2023 using assumed rates. Benefits administrators should[…]