If your cooperative is considering the Safe Harbor provision for your 401(k) Pension Plan in 2026, contact your field representative this month. With the provision in place, your co-op’s 401(k) Plan is deemed to pass the actual deferral percentage (ADP) test. Also, plans[…]
If your cooperative is tax-exempt and you have 401(k) Pension Plan participants who need a true-up employer contribution for 2024, send those true-up contributions to NRECA by May 15, which is the due date (without extension) to file IRS Form 990.[…]
On March 27, summary of material modifications (SMM) documents for the NRECA Medical Plan and the NRECA Long-term Disability Plan will be released to cooperatives that offer these plans. Both SMMs are effective April 1, 2025, and must be distributed to[…]
March 1 was the deadline to distribute 2025 NRECA Group Benefits Program summary plan description (SPD) and summary of material modifications (SMM) documents. The final step in the process is to complete online distribution acknowledgements by March 15. Acknowledgements are[…]
Saturday, March 1, is the deadline to distribute your cooperative’s 2025 Group Benefits Program summary plan description (SPD) and summary of material modifications (SMM) documents to plan participants. If you haven’t already, download them from the Group Plan Documents page of the[…]