The evening of October 23, NRECA will update the interest rates used to calculate RS Plan single cash payments (also referred to as lump sums) for distribution event dates in 2025 and later years. Unlike the August mid-year rates, the[…]
NRECA is mailing important legally required 401(k) Pension Plan notices the week of October 14, 2024. The notices are being sent to all cooperative employees, plan participants and beneficiaries who are eligible to make or change investment elections in the[…]
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.[…]
This month’s lunch and learn webinar on Roth contributions had strong turnout, underscoring growing interest in this alternative way to save in the 401(k) Pension Plan. If you missed the broadcast, you can catch up with Dupree Godwin’s explanation of[…]
Effective October 1, 2024, the 401(k) Pension Plan’s loan interest rate, which is set quarterly at 1% more than the nation’s prime interest rate, will decrease to 9%. Things you and your employees should consider about loansIf your cooperative offers[…]