2024-11-13T14:34:14-06:00 2023-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2023-01-01 466448882 NRECA POST-EMPLOYMENT HEALTH REIMBURSEMENT ARRANGEMENT (HRA) PLAN % DENNIS LIBURKIN NREC 7039075895 4301 Wilson Blvd Suite 8-110 Arlington VA 22203 DIGNA LOUIS CFO 7039075895 2024-11-13 true true Marc Berger P01871563 7038930600 2023 2024-10-15 13:58:12Z DIGNA LOUIS 4301 Wilson Blvd8-110 Arlington VA 22203 2720678 false X N/A X 2013 VA SEE SCHEDULE O 3 0 0 0 0 0 0 0 0 0 5982 304180 0 0 5982 304180 0 0 871550 1063989 0 0 0 0 0 57477 4348887 929027 5412876 -923045 -5108696 16974907 12758696 120035 54880 16854872 12703816 X THE PLAN WAS ESTABLISHED TO REIMBURSE PARTICIPANTS AND THEIR DEPENDENTS FOR QUALIFIED OUT-OF-POCKET HEALTH CARE EXPENSES (SUCH AS OUT-OF-POCKET EXPENSES FOR MEDICAL CARE, VISION CARE, DENTAL CARE, PRESCRIPTION DRUGS AND CERTAIN OVER THE-COUNTER DRUGS) AND QUALIFIED LONG TERM CARE EXPENSES, AS WELL AS PREMIUMS FOR HEALTH INSURANCE, HEALTH PLAN COVERAGE, AND QUALIFIED LONG TERM CARE INSURANCE CONTRACTS THAT OCCUR AFTER THE PARTICIPANT HAS RETIRED OR TERMINATED EMPLOYMENT, INCLUDING COVERAGE UNDER THE CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT OF 1985 (COBRA). false false TOTAL PROGRAM EXPENSES ARE RELATED TO BENEFITS PAID TO PARTICIPANTS AND ADMINISTRATIVE EXPENSES. false false false false false false false false false false false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 3 0 false false false false false false false true true false false true true true true true true true true false VA X DENNIS LIBURKIN 7039072892 4301 WILSON BLVD ARLINGTON VA 22203 DIGNA LOUIS CFO 0.3 43.7 X 0 566945 90364 DANIELLE SIEVERLING VP CHIEF RISK & COMPLIANCE 0.3 51.7 X 0 400172 61112 MICHELE RINN SR VP HUMAN RESOURCES 0.3 44.7 X 0 370576 61959 0 1337693 213435 0 false true false 0 0 0 16446 16446 0 0 0 0 0 2704232 2416498 287734 287734 287734 0 0 0 0 0 0 0 0 0 0 304180 304180 0 0 0 1063989 0 0 0 0 0 0 0 24455 17890 0 0 6694 0 0 0 0 0 0 0 0 0 0 0 0 0 WRITEDOWN OF A/R 4299848 0 0 0 5412876 0 0 0 0 0 0 0 0 0 7200764 2901199 0 0 0 0 0 0 0 0 0 0 0 0 9774143 9857497 0 0 0 0 0 0 0 0 16974907 12758696 120035 54880 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120035 54880 X 0 0 0 0 16854872 12703816 16854872 12703816 16974907 12758696 -5108696 957640 X false true X true false 0 0 X 1261819 957639 957639 304180 304180 5412876 5412876 5412876 SCHEDULE D, PART X, LINE 2: THE TRUST ESTABLISHED UNDER THE PLAN TO HOLD THE PLAN'S ASSETS IS INTENDED TO QUALIFY PURSUANT TO SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE (IRC), AND, ACCORDINGLY, THE TRUST'S NET INVESTMENT INCOME IS EXEMPT FROM INCOME TAXES. THE PLAN RECEIVED A DETERMINATION LETTER FROM THE IRS DATED AUGUST 7, 2014. THE PLAN SPONSOR BELIEVES THAT THE PLAN, AS AMENDED, CONTINUES TO QUALIFY, AND OPERATE IN ACCORDANCE WITH APPLICABLE PROVISIONS OF THE IRC. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTION; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. false false false DIGNA LOUIS CFO 0 478150 0 85700 0 3095 0 44484 0 45880 0 657309 0 0 DANIELLE SIEVERLING VP CHIEF RISK & COMPLIANCE 0 326030 0 68700 0 5442 0 56955 0 4157 0 461284 0 0 MICHELE RINN SR VP HUMAN RESOURCES 0 316584 0 50225 0 3767 0 18462 0 43497 0 432535 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE PLAN WAS ESTABLISHED TO REIMBURSE PARTICIPANTS AND THEIR DEPENDENTS FOR QUALIFIED OUT-OF-POCKET HEALTH CARE EXPENSES (SUCH AS OUT-OF-POCKET EXPENSES FOR MEDICAL CARE, VISION CARE, DENTAL CARE, PRESCRIPTION DRUGS AND CERTAIN OVER-THE-COUNTER DRUGS) AND QUALIFIED LONG TERM CARE EXPENSES, AS WELL AS PREMIUMS FOR HEALTH INSURANCE, HEALTH PLAN COVERAGE, AND QUALIFIED LONG TERM CARE INSURANCE CONTRACTS THAT OCCUR AFTER THE PARTICIPANT HAS RETIRED OR TERMINATED EMPLOYMENT, INCLUDING COVERAGE UNDER THE CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT OF 1985 (COBRA). FORM 990, PART VI, SECTION B, LINE 11B: NRECA POST-EMPLOYMENT HEALTH REIMBURSEMENT ARRANGEMENT (HRA) PLAN FORM 990 IS PREPARED BY BDO BY USING DATA PROVIDED BY NRECA'S CORPORATE ACCOUNTANT AND REVIEWED BY MANAGER OF CORPORATE ACCOUNTING. IN ADDITION, THERE IS A SUBSEQUENT REVIEW BY NRECA'S VP OF FINANCE / CONTROLLER. THE CHIEF FINANCIAL OFFICER THEN REVIEWS THE FORM 990 FOR ACCURACY. THE FORM 990 IS FILED AND MADE AVAILABLE TO THE ADMINISTRATIVE AND OVERSIGHT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C: EACH DIRECTOR AND TRUSTEE IS REQUIRED TO COMPLETE AND SUBMIT A CONFLICT OF INTEREST QUESTIONNAIRE THAT IS REVIEWED BY THE CHIEF FINANCIAL OFFICER. THE CHIEF FINANCIAL OFFICER REVIEWS EACH QUESTIONNAIRE AND FOLLOWS UP ON ANY CONFLICTS WITH RESPECTIVE DIRECTORS AND TRUSTEES ALONG WITH NRECA LEGAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15: THE TRUST DOES NOT HAVE ANY EMPLOYEES NOR DOES IT PAY ITS INDIVIDUAL DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIALS STATEMENTS ARE AVAILABLE UPON REQUEST. NATIONAL RURAL ELECTRIC COOPERATIVE ASSO 4301 WILSON BLVD ARLINGTON VA 22203 530116145 TRADE ASSOC. VA 501(C )(6) NA false NRECA WOOD QUALITY CONTROL INC 4301 WILSON BLVD ARLINGTON VA 22203 521446660 SEE PART VII VA 501 (C)(6) N/A NRECA false NRECA INTERNATIONAL 4301 WILSON BLVD ARLINGTON VA 22203 521387851 SEE PART VII VA 501(C)(3) 7 NRECA false NRECA RESEARCH 4301 WILSON BLVD ARLINGTON VA 22203 822724646 SEE PART VII VA 501(C)(3) 7 NRECA GREEN ENGLISH NAT'L LEADERSHIP COOP FDN 4301 WILSON BLVD ARLINGTON VA 22203 461424031 SEE PART VII VA 501(C)(3) 12a NRECA false FUNDACION ENERGETICA BOLIVIANA 4301 WILSON BLVD ARLINGTON VA 22203 SEE PART VII VA N/A N/A NRECA false Cooperative Insurance Services 4301 Wilson Blvd Arlington VA 22203 521076274 see part vii VA see part vii C CORP 0 0 0.00000 false NRECA UNITED HOLDINGS 4301 WILSON BLVD ARLINGTON VA 22203 860262046 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false COOPERATIVE BENEFITS ADMINISTRATORS 4301 WILSON BLVD ARLINGTON VA 22203 521327041 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false COOPERATING ENERGY SERVICES 4301 WILSON BLVD ARLINGTON VA 22203 521490710 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false HOMESTEAD FINANCIAL SERVICES CORP 4301 WILSON BLVD ARLINGTON VA 22203 521679315 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false HOMESTEAD ADVISERS CORP 4301 WILSON BLVD ARLINGTON VA 22203 521694000 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false false false false false false false false false false false false false false true false true false false false NATIONAL RURAL ELECTRIC COOPERATIVE ASSOC P 48741 Accounting Rec. SCHEDULE R, PART II, TAX-EXEMPT ORGANIZATIONS: NAME OF RELATED ORGANIZATION: 1) NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION PART II, COLUMN B: NRECA WOOD QUALITY CONTROL INC: WOOD POLE TESTING NRECA INTERNATIONAL: INTERNATIONAL RURAL ELECTRIFICATION NRECA RESEARCH: ELECTRIC GRID SCIENTIFIC RESEARCH GLEN ENGLISH NAT'L LEADERSHIP COOP FND: AWARDING OF SCHOLARSHIPS FUNDACION ENERGETICA BOLIVIANA: BOLIVIAN RURAL ELECTRIFICATION PART IV, COLUMNS B AND D: COOPERATIVE INSURANCE SERVICES PRIMARY ACTIVITY: INSURANCE AGENT DIRECT CONTROLLING ENTITY: NRECA UNITED INC NRECA UNITED HOLDINGS PRIMARY ACTIVITY: LIFE & HOSPITALIZATION INSURANCE DIRECT CONTROLLING ENTITY: NRECA UNITED INC COOPERATIVE BENEFIT ADMINISTRATORS PRIMARY ACTIVITY: CLAIMS ADMINISTRATOR DIRECT CONTROLLING ENTITY: NRECA UNITED INC COOPERATING ENERGY SERVICES PRIMARY ACTIVITY: SOFTWARE INTEGRATION DEVELOPMENT DIRECT CONTROLLING ENTITY: NRECA UNITED INC HOMESTEAD FINANCIAL SERVICES CORP. PRIMARY ACTIVITY: INVESTMENT BROKER DIRECT CONTROLLING ENTITY: NRECA UNITED INC HOMESTEAD ADVISERS CORP. PRIMARY ACTIVITY: INVESTMENT ADVISER DIRECT CONTROLLING ENTITY: RE INVESTMENT CORPORATION