As announced on December 20, retirement plan nondiscrimination test results from the 2022 plan year will be archived on January 19, 2024 (5 p.m. Eastern time). Retrieve your cooperative’s 2022 test results before that time, and retain them in your[…]
The Retirement Security (RS) Plan—for financial reporting purposes only—is considered a multi-employer plan. Participating cooperatives generally need to follow Accounting Standards Update (ASU) 2011-09 when preparing their annual financial statements. The NRECA fact sheet that details ASU 2011-09 financial disclosure requirements has[…]
Effective immediately, benefits administrators and finance administrators requesting assistance with the annual preparation of Internal Revenue Service (IRS) Form 990, Return of Organization Exempt from Income Tax, must use the new Form 990 Requests dashboard on the NRECA Employee Benefits[…]
If your cooperative has subgroups participating in the NRECA Medical Plan, you must submit the dollar amount of premiums paid by employees during the previous calendar year using the Employee-Paid Premiums event by the end of the day on February[…]
The 2024 webinars schedule from NRECA’s Life Strategy Counseling program is now available on the BA Guide for you to share with your employees. The bi-monthly webinars cover a range of topics from financial fitness to loneliness and are designed to support[…]