401(k) Plan Electronic Options Have Expanded
In addition to being able to receive their 401(k) Pension Plan account statements electronically, participants in NRECA’s 401(k) Plan now have the option of opting into receiving electronic confirmation of changes they make to their 401(k) account, including:
- Changes to their investment allocations;
- Changes to investment transfers;
- Notification of automatic rebalancing activity each quarter, if they have chosen that option, along with reminders on how to turn this function on or off.
Electronic delivery is secure, timely, environmentally friendly, and easy to use. To make the switch, participants should:
- Log into cooperative.com;
- Go to My Benefits > My Profile (on the top right of the landing page) > Preferences and follow the onscreen prompts;
- They will then see the options to go paperless.
If a participant finds they prefer receiving paper confirmations of their activity, they can switch back at any time by going online and changing their preferences.
Whether they prefer paper or electronic statements, participants will be able to access digital statements online on their activity history page. Go to cooperative.com > My Benefits > My Retirement > Activity History. Similarly, they will be able to access three years of quarterly 401(k) Plan account statements online. Go to cooperative.com > My Benefits > My Retirement > 401(k) Statements.
