Estimated 2021 401(k) Plan Employer-paid Expenses Coming

Each year, NRECA invoices each participating cooperative directly for its 401(k) Pension Plan employer-paid expenses. To help co-ops plan for their 2021 expenses, an estimate of this expense is prepared for each co-op by subgroup. An email containing co-op-specific estimates will be sent the latter part of the week of September 28, 2020 to CEOs and benefits administrators.

Invoices in late December
The estimates for each co-op are for the full year and are based on a calculation using active employees’ account balances as of July 1, 2020. Actual 2021 invoices will be provided on the Employee Benefits website in late December 2020.

For more information about your estimated 401(k) Plan employer expense for 2021, contact your field representative or the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.