Do you have part-time employees who work at least 500 (but fewer than 1,000) hours during the year? If so, remember to check each person’s eligibility under the shortened two-year long-term, part-time eligibility rule. For 2024 plan entry dates, the[…]
After the close of business on January 17, 2024, nondiscrimination test results from the 2023 plan year will be archived. If you have not done so already, download your cooperative’s 2023 test results to preserve them for your plan files.[…]
As requested by benefits administrators (BAs), summary plan description (SPD) and summary of material modifications (SMM) documents will be available on the Employee Benefits website for participants in the 401(k) Pension Plan, Retirement Security Plan and NRECA Group Benefits Program[…]
Three files containing compliance reminders for NRECA’s benefit plans during 2025 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[…]
In December and January, as you submit 401(k) Pension Plan contributions to NRECA, remember to compare the pay date shown in NRECA’s system to the one in your payroll system. If the dates don’t match, adjust the pay date in NRECA’s system[…]