Deadline: November 30 for Safe Harbor Notice Distribution

If your cooperative sponsors the NRECA 401(k) Pension Plan with the Safe Harbor provision, you should have received a Message Center alert in early November with a link to your 2017 Safe Harbor notice. This notice outlines the provisions of your 401(k) plan so that employees can make educated decisions about participation.

Give the notice to 401(k) Plan participants right away. The distribution deadline is November 30, 2016. Also, during 2017, give the notice to new employees no sooner than 90 days before (but not after) the date the employee becomes eligible to participate in the plan.

After distributing your notices, you must also acknowledge distribution. You can download the notice and fill out the online acknowledgement form in the same location. Follow the link in the original Message Center alert or go to the Retirement Plan Documents page on the Employee Benefits website.

Confirming that you’ve distributed your Safe Harbor notice is a critical step in maintaining plan compliance. NRECA must keep accurate distribution records to comply with federal regulations, so please help us with your prompt acknowledgement.

If you have questions about the Safe Harbor mailing or about your current 401(k) Plan design and the Safe Harbor provision, contact the benefits compliance team at 866.673.2299, option 7, or pension.compliance@nreca.coop.