Retirement Plan Distribution Option Summaries

Cooperative employees participating in either the Retirement Security (RS) or 401(k) Pension Plans who are retiring or otherwise separating from service with the co-op have decisions to make with respect to their retirement accounts. Both the RS and 401(k) Plans offer a wide range of distribution options that help meet the needs of your co-op’s employees as they structure their income for their retirement years.

To help you provide an overview of these options, NRECA has developed a distribution options summary for each plan. These documents outline the options available to the participant based on what they would like to do with their retirement assets – defer a decision, receive guaranteed monthly income, a single sum distribution or some combination thereof.

The documents are available on the Employee Benefits website in the BA Guide under the “distribution options” section for the 401(k) Plan and RS Plan.

Don’t forget, NRECA retirement plan participants also have access to NRECA’s Personal Investment & Retirement Consulting (PIRC) team. PIRC team members can break down the available distribution options and help develop more detailed plans for participants, at no additional cost, so they can better prepare for their future financial needs. PIRC team members are available Monday through Friday, 8:30 am – 5 pm, Eastern time or via email at pirc@nreca.coop.