If your cooperative is thinking of adding the Safe Harbor provision to your 401(k) Pension Plan, now is a good time to take action. Safe Harbor is attractive to certain co-ops because with the provision in place, your co-op’s 401(k) Plan[…]
On July 5, restated adoption agreements for your cooperative’s Retirement Security (RS) Plan and 401(k) Pension Plan were released. If you haven’t done so already, visit the Retirement Plan Documents page of the Employee Benefits website or follow the link[…]
As we move into the Fall of 2022, many cooperative employees who are eligible for full or quasi-retirement will be requesting benefit estimates from the Retirement Security (RS) Plan. To ensure timely and accurate completion of these requests, please be[…]
CEOs and primary benefits administrators should look for their cooperative’s Retirement Security (RS) Plan contribution (billing) rates for 2023 to arrive by email within the week. The new rates will apply for the plan year beginning January 1, 2023. As[…]
Based on member feedback and to provide forward-looking benefit estimate results that better reflect the current interest rate environment, NRECA is making a mid-year update to the interest rate assumptions used to estimate the value of single cash payments (also[…]