Effective January 1, 2023, to comply with recent regulatory guidance, withdrawal and distribution forms developed by NRECA for the 401(k) Pension Plan and Retirement Security Plan must include IRS Forms W-4P and/or W-4R, based on the type of transaction being[…]
Effective January 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 8.5%. Things you and your employees should consider about loansIf your cooperative offers[…]
The Internal Revenue Service has issued the interest rates used to calculate Retirement Security (RS) Plan single cash payments in 2023. Different rates are used depending on when an employee earned benefits within the RS Plan. The GATT rate (30-year[…]
Thank you to all cooperatives for completing the July 1 Retirement Security (RS) Plan and 401(k) Pension Plan restatement process. Adoption agreements received in good order by the October 31 deadline that were also processed and countersigned by November 30,[…]
You still have time to register your co-op today for the Personal Investment & Retirement Consulting (PIRC) team’s latest lunch and learn webinar happening on Thursday, December 8 at 1 pm, Central time. Dupree Godwin, a planner on the PIRC team, will[…]