March 1 was the deadline to distribute your cooperative’s 2022 NRECA Group Benefits Program summary plan description (SPD) and summary of material modifications (SMM) documents. Don’t forget the final step, which is to complete all outstanding distribution acknowledgements by March[…]
Your cooperative’s 2022 Group Benefits Program summary plan description (SPD) and summary of material modifications (SMM) documents are due to plan participants by March 1, 2022. If you haven’t distributed them yet, do so right away. Download them from the[…]
Next Tuesday is the deadline to submit your cooperative’s 2021 compliance questionnaire and W-2 data, which the benefits compliance team uses to perform retirement plan nondiscrimination testing for the 401(k) Pension Plan and the Retirement Security Plan. Import your W-2[…]
The mid-February reporting deadline is now less than two weeks away. The benefits compliance team uses your cooperative’s annual reporting data to perform nondiscrimination testing for the 401(k) Pension Plan and the Retirement Security Plan, as required by the Internal[…]
The Retirement Security (RS) Plan and 401(k) Pension Plan follow a five-year restatement schedule outlined by the IRS. Effective July 1, 2022, the plans will be restated according to this schedule. The purpose of the restatement is to update the[…]