The retirement compliance questionnaire and resource guide for 2023 are now available on the W-2 Salary Data & Retirement Compliance Questionnaire page of the Employee Benefits website. Also, the prerecorded 2023 Compliance Annual Reporting webinar is now available for on-demand viewing to help you[…]
A new 401(k) Pension Plan hardship withdrawal form is now available online. The updated form reflects new rules under the SECURE 2.0 Act that permit participants to self-certify that their requested hardship falls under one of the seven permissible “safe harbor” categories defined by the Internal Revenue Service[…]
Retirement Security (RS) Plan benefits paid as a single cash payment are variable year over year, with interest rates playing a large part in determining the value of a participant’s final benefit paid in that manner. Typically, RS Plan benefits[…]
If your employees are planning to retire or moving on to pursue their next big adventure, there are some things they should consider. Thinking about their state of readiness, taking money out of their retirement accounts and other deliberate planning[…]
2022 summary annual reports (SARs) for the NRECA Group Benefits Program and the 401(k) Pension Plan are now available on the Employee Benefits website. Give the SAR to participants in your cooperative’s plan(s) no later than December 15, 2023. Form[…]