The deadline to submit your cooperative’s 2024 compliance questionnaire and W-2 data is February 14, 2025. Your information is used to perform nondiscrimination testing for the 401(k) Pension Plan and the Retirement Security Plan, as required by the Internal Revenue[…]
As a reminder to cooperatives in the NRECA Medical Plan, the cost share waiver of Teladoc Health® consultation fees for high-deductible health plans (HDHPs) expired December 31, 2024. This temporary waiver was a result of the Consolidated Appropriations Act of[…]
Because the Retirement Security (RS) Plan—for financial reporting purposes only—is considered a multi-employer plan, participating cooperatives generally need to follow Accounting Standards Update (ASU) 2011-09 when preparing their annual financial statements. The NRECA fact sheet that details ASU 2011-09 financial disclosure requirements[…]
Don’t let the opportunity to share your feedback on the Value of Benefits campaign pass you by! As we look to the year ahead, we’d love to hear your thoughts about the campaign through a brief survey that should take about five minutes[…]
Effective January 1, 2025, the 401(k) Pension Plan’s loan interest rate, which is set quarterly at 1% more than the nation’s prime interest rate, decreased to 8.5%. Things you and your employees should consider about loansIf your cooperative offers the[…]