November 1 is the deadline to download and distribute 2025 summary of benefits and coverage (SBC) documents to plan participants and beneficiaries. SBCs were released beginning in September. If you haven’t done so already, download your cooperative’s SBCs from the Group Plan[…]
If you’re thinking of amending your Retirement Security (RS) Plan or 401(k) Pension Plan early in 2025, contact your NRECA field representative now to start discussing the process and timing. Simple changesContact NRECA at least 60 days before the desired effective date.[…]
2023 summary annual reports (SARs) for the 401(k) Pension Plan and Group Benefits Program will be posted to the Employee Benefits website in November and will be due to participants by mid-December. Because NRECA filed extensions for both the 401(k) Pension[…]
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[…]