The Internal Revenue Service has released the interest rates used to determine calculations of Retirement Security (RS) Plan single cash payments in 2025. As a reminder, this year only, NRECA performed a “better-of” comparison of two sets of rates—September and[…]
Please mark your calendars to note NRECA’s schedule during the coming holidays. NRECA’s offices will be closed on the following days: On Tuesday, December 31, the Member Contact Center and the Personal Investment & Retirement Consulting team will be unavailable[…]
Do you have part-time employees who work at least 500 (but fewer than 1,000) hours during the year? If so, remember to check each person’s eligibility under the shortened two-year long-term, part-time eligibility rule. For 2024 plan entry dates, the[…]
After the close of business on January 17, 2024, nondiscrimination test results from the 2023 plan year will be archived. If you have not done so already, download your cooperative’s 2023 test results to preserve them for your plan files.[…]
As requested by benefits administrators (BAs), summary plan description (SPD) and summary of material modifications (SMM) documents will be available on the Employee Benefits website for participants in the 401(k) Pension Plan, Retirement Security Plan and NRECA Group Benefits Program[…]