Estimated 2017 Employer-paid Expenses Mailing in September

Each year, NRECA invoices each participating cooperative directly for its  401(k) Pension Plan employer-paid expenses. To help co-ops plan for their 2017 expenses, an estimate of this expense rate is being prepared for each co-op by subgroup. The memo and co-op-specific estimates will be mailed the week of September 26 to CEOs and benefits administrators.

Invoices in late December
The estimates are for the full year and are based on a calculation using each co-op’s 401(k) Plan active employees’ assets under management as of July 1, 2016. Actual invoices will be provided on the Employee Benefits website in late December 2016.

For more information about your estimated 401(k) Plan employer expense for 2017, contact your field representative or the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.