One provision of “SECURE 2.0” legislation will affect how some 401(k) Pension Plan participants who are age 50 or older can make “catch-up” contributions. This provision was slated to go into effect January 1, 2024, but in August, the IRS[…]
As part of the Consolidated Appropriations Act of 2023, Congress passed legislation—often referred to as “SECURE 2.0”—with a range of provisions affecting employer-sponsored plan coverage, retirement savings and more. NRECA continues to review many optional provisions of SECURE 2.0; others[…]
Open enrollment for the upcoming year’s 125 Plan and health reimbursement arrangement (HRA) plans begins on Monday, November 1. If your cooperative will offer one or both of these CBA-administered plans in 2023, you’ll need to enroll your employees between[…]
NRECA is mailing important 401(k) Pension Plan notices the week of October 16, 2023. The notices are being sent to all cooperative employees, plan participants and beneficiaries who are eligible to make or change investment elections in the 401(k) Plan.[…]
Sign up your cooperative for NRECA’s next well-being webinar, “Healthy Social Media Practices.” The webinar is Thursday, November 2, from 1–2 pm Central time. Social media is part of our everyday lives. Depending on how people use it, it can be[…]