Effective April 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 be 4.5%. Things you and your employees should consider about loansIf your cooperative offers a[…]
Annual benefit statements and the Financial Power RS newsletter for most Retirement Security (RS) Plan participants will mail and be available on the NRECA Employee Benefits website during the week of March 28. However, some participants with more complicated situations (such as[…]
The July 1 Retirement Security (RS) Plan and 401(k) Pension Plan restatements are approaching. Two important milestones are also close. First, if your cooperative has requested a plan change effective May 1 (before the restatements), the paperwork to support that[…]
Next Tuesday is the deadline to submit your cooperative’s 2021 compliance questionnaire and W-2 data, which the benefits compliance team uses to perform retirement plan nondiscrimination testing for the 401(k) Pension Plan and the Retirement Security Plan. Import your W-2[…]
The mid-February reporting deadline is now less than two weeks away. The benefits compliance team uses your cooperative’s annual reporting data to perform nondiscrimination testing for the 401(k) Pension Plan and the Retirement Security Plan, as required by the Internal[…]