November 1 is the deadline to give 2023 summary of benefits and coverage (SBC) documents to plan participants and beneficiaries. SBCs were released in September for distribution with your annual enrollment materials or by November 1, if earlier. If you[…]
Your cooperative’s signed adoption agreements and one board resolution adopting the restated Retirement Security (RS) Plan and 401(k) Pension Plan are due to NRECA by October 31. If you haven’t already done so, please return these restatement documents before the[…]
You may change billing frequency for your cooperative’s group benefit plans for the upcoming plan year starting November 1, 2022. If you want to keep your co-op’s current billing frequency, no action is needed. If you want to change the billing[…]
Open enrollment for the upcoming year’s 125 Plan and health reimbursement arrangement (HRA) plans begins on Tuesday, November 1. If your co-op will offer one or both of these plans administered by Cooperative Benefit Administrators, Inc. (CBA) in 2023, you’ll[…]
In an effort to reduce administrative burdens on our member cooperatives, effective November 2022, qualified pre-survivor annuity (QPSA) notices previously sent to benefits administrators for distribution to impacted 401(k) Pension Plan and Retirement Security Plan participants, will now be directly[…]