Participants in nonqualified deferred compensation 457(b) plans who are no longer working, reached age 70½ in 2019, and chose to delay their first required minimum payment until 2020, must take their distribution by April 1. Participants who do not withdraw[…]
The February issue of Benefits Bulletin is online. Read about: The latest we know on the SECURE Act and how it affects electric cooperative benefit plans in Peter Baxter’s Plan Perspective column Ways your co-op can inspire participants to make[…]
The Winter issue of Benefits Bulletin is online. Read about: Our shared benefits accomplishments in 2019, including the recent legislative victories with the passage of the SECURE Act and full repeal of the Affordable Care Act (ACA) Cadillac Tax, in[…]
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[…]
The October issue of Benefits Bulletin is online. Read about: Insights into the upcoming 401(k) Pension Plan changes from guest columnist John Szczur, NRECA’s vice president of investment strategy and performance, in Peter Baxter’s Plan Perspective column Deadlines and reminders[…]