2022 summary annual reports (SARs) for the NRECA Group Benefits Program and the 401(k) Pension Plan are now available on the Employee Benefits website. Give the SAR to participants in your cooperative’s plan(s) no later than December 15, 2023. Form[…]
The final deadline for benefits administrators to complete annual enrollment online is 10:59 p.m. Central time on November 16, 2023. If you need assistance, NRECA representatives will be available to help you until 7 p.m. Central time. Please complete all annual enrollments by[…]
NRECA processes scheduled payments from the 401(k) Pension Plan on the 22nd of each month, which allows participants to receive their payments by the first of the following month. To accommodate year-end holiday timing, NRECA will be processing scheduled December[…]
On November 1, 2023, the Internal Revenue Service (IRS) announced benefit and contribution limits for employer-sponsored retirement plans for the 2024 tax year. The following chart summarizes the 2024 limits, with 2023 limits included for comparison. This information is available[…]