As a reminder to cooperatives in the NRECA Medical Plan, the cost share waiver of Teladoc Health® consultation fees for high-deductible health plans (HDHPs) expired December 31, 2024. This temporary waiver was a result of the Consolidated Appropriations Act of[…]
Because 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[…]
Don’t let the opportunity to share your feedback on the Value of Benefits campaign pass you by! As we look to the year ahead, we’d love to hear your thoughts about the campaign through a brief survey that should take about five minutes[…]
Effective January 1, 2025, the 401(k) Pension Plan’s loan interest rate, which is set quarterly at 1% more than the nation’s prime interest rate, decreased to 8.5%. Things you and your employees should consider about loansIf your cooperative offers the[…]
Participants in the NRECA Group Benefits Program can now view their summary plan description (SPD) and summary of material modifications (SMM) documents on the Employee Benefits website. 401(k) Pension Plan and Retirement Security (RS) Plan SPDs and SMMs will be[…]