If you’ve already returned documents supporting the July 1 deadline for the Retirement Security (RS) Plan and 401(k) Pension Plan restatements, thank you for your assistance. Adoption agreements that were received, processed, and countersigned by September 15 will be released[…]
Effective October 1, 2022, 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 7.25%. Things you and your employees should consider about loansIf your cooperative offers[…]
The newest webinar from the Personal Investment & Retirement Consulting (PIRC) team aired on September 15 and attracted a large and engaged audience of retirement plan participants across the country. If you have employees who may be thinking about retirement[…]
Each year, NRECA invoices each participating cooperative directly for its 401(k) Pension Plan employer-paid expenses. To help co-ops plan for their 2023 expenses, an estimate of this expense is prepared for each co-op by subgroup. An email containing co-op-specific estimates[…]
If you have employees who are approaching retirement in the coming months, be sure to encourage them to register for the September 15 webinar, “To Retire or Not Retire (This Year): Understanding Your RS Plan Benefit.” The program will be[…]