The week of December 12 your cooperative received a Message Center notification directing you to 2024 summary plan description (SPD) and summary of material modification (SMM) documents for the Group Benefits Program. All SPDs and SMMs are now available for download. Plans[…]
The deadline to submit your cooperative’s 2023 compliance questionnaire and W-2 data is February 15, 2024. Your information is used to perform nondiscrimination testing for the 401(k) Pension Plan and the Retirement Security Plan, as required by the Internal Revenue[…]
Do you have part-time employees who worked at least 500 (but fewer than 1,000) hours since 2021? If so, remember to check their eligibility under the new long-term, part-time rules. They may be eligible to participate in the 401(k) Pension[…]
After the close of business on January 19, 2024, nondiscrimination test results from the 2022 plan year will be archived. If you have not done so already, download your co-op’s 2022 test results to preserve them for your plan files. Nondiscrimination testing[…]
Three files containing 2024 compliance reminders for NRECA’s benefit plans are now available on the Employee Benefits website. Once imported, these files add advance reminders and due dates to your Outlook or other calendar for the benefit plans you offer. The reminders[…]