The Secure 2.0 Act of 2022 includes a range of provisions affecting employer-sponsored retirement plan coverage, retirement savings and more. While some of these provisions required mandatory adoption, many others were optional and left to the discretion of the plan[…]
NRECA’s offices will be closed Thursday, November 28, and Friday, November 29, in observance of Thanksgiving. And because of the Thanksgiving holiday, there will be no issue of NRECA Employee Benefits Weekly next week. The next issue will be published on December[…]
The Invitational Team Steps Challenge recently closed out this year’s FutureMe challenges with a bang. The five-week challenge encouraging friendly competition between teams at cooperatives across the country netted these impressive numbers: Congratulations to all who participated! FutureMe challenges[…]
If your cooperative will offer the 125 Plan and/or health reimbursement arrangement (HRA) plans for 2025, be sure to enroll your employees by November 30, when open enrollment closes. To complete your enrollments, go to the Manage 125 Plan and HRA page in[…]
Last year, the sample qualified domestic relations order (QDRO) templates and procedures for the Retirement Security (RS) Plan were updated to reflect the cash balance benefit formula. Now, the 401(k) Pension Plan sample templates and procedures have been reformatted to[…]