Take action to verify compliance with 2019 maximum contribution limits for your plan participants before year’s end. Annual contribution limitsCooperatives sponsoring tax-exempt or governmental deferred compensation 457(b) plans for employees or directors need to limit salary deferrals to $19,000 for 2019. The annual[…]
During the week of June 17, 2019, annual invoices will be emailed to those cooperatives with current nonqualified deferred compensation plan consulting services agreements. We make every effort to keep our consulting service records updated but recognize that your co-op’s[…]
Plan participants who are no longer working, reached age 70½ in 2018, and chose to delay their first payment until 2019, must take their initial required minimum distribution by April 1. Participants who are required to but do not withdraw[…]
As we near the end of the year, there are two important reminders for individuals participating in non-qualified deferred compensation 457(b) plans. Required minimum distributions for 2018 Don’t forget, former employees and directors who reached age 70½ or older this[…]
Today many tax-exempt cooperatives offer Executive Compensation 457(b) Plans as one way to attract and retain executives. Join NRECA’s nonqualified deferred compensation experts, Cindy Irving and Tolsun Waddle, on Tuesday, December 11, at 2 pm, Eastern time for an engaging webinar that will[…]