Starting September 5, cooperatives will receive a Message Center notification when summary of benefits and coverage (SBC) documents are available on the Employee Benefits website. Distribute the SBCs either with your annual enrollment materials or by November 1, 2024 (whichever[…]
If your cooperative is considering the Safe Harbor provision for your 401(k) Pension Plan in 2024 or 2025, contact NRECA now. Safe Harbor is attractive to certain co-ops because with the provision in place, your co-op’s 401(k) Plan is deemed[…]
On June 27, cooperatives will receive a Message Center notification linking to one or more summary of material modifications (SMMs), dated July 1, 2024, for the NRECA Group Benefits Program plans. The SMM should be distributed to participants no later[…]
If your cooperative offers either the 401(k) Pension Plan or the Retirement Security (RS) Plan, then during the week of June 3, you will receive a Message Center alert directing you to a summary of material modifications (SMM) for each plan you[…]
If your cooperative is tax-exempt and you have 401(k) Pension Plan participants who need a true-up employer contribution for 2023, send those true-up contributions to NRECA by May 15, which is the due date (without extension) to file IRS Form[…]