NRECA utilizes TD Ameritrade’s self-directed brokerage account (SDBA) platform for member cooperatives in the 401(k) Pension Plan that offer the SDBA option. This option gives more experienced investors access to a much larger universe of investment options. With the acquisition[…]
If your cooperative is tax-exempt and you have 401(k) Pension Plan participants who need a true-up employer contribution for 2022, send those true-up contributions to NRECA as soon as possible. This year’s deadline for tax-exempt co-ops is May 15, which[…]
NRECA will mail the required Retirement Security (RS) Plan 2022 annual funding notice to participants and beneficiaries the week of April 17. The Pension Protection Act of 2006 requires NRECA to mail an annual funding notice to participants in and[…]
Taking on the care and/or financial support of aging parents or other relatives requires more than a quick look ahead. It requires careful planning. Scott Levy, a planner on the Personal Investment & Retirement Consulting (PIRC) team addresses this issue[…]
Effective April 1, 2023, the 401(k) Pension Plan’s loan interest rate, which is set quarterly at 1% more than the nation’s prime interest rate, will increase to 9%. Things you and your employees should consider about loansIf your cooperative offers[…]