Wednesday, May 12, 2021

Frequently Asked Questions


401(k)

Q.

How do I enroll in the National Electrical 401(k) Plan?

A.

To enroll in the plan, please follow these steps: 1.) On this website, navigate to the Enrollment Form page 2.) Complete your Online Enrollment Form, providing all necessary information 3.) Confirm and submit your form. Please allow 7-10 business days for processing of forms 4.) Please submit a copy of your completed form to your employer. *Please note that the Enrollment Form should be completed only by members who are not yet enrolled in the Plan. 


Q.

How often can I change my Wage Deferral Election?

A.

Participants may change their election once per Calendar Quarter.


Q.

How do I change my Wage Deferral Election?

A.

A: To change your election, please follow these steps: 1.) On this site, navigate to the Change Information page 2.) Select ‘Change Form’ 3.) Update the ‘Deferred Contribution Elections’ field with your new selections 4.) Update and confirm all other information on the form 4.) Confirm and Submit your online Change Form. Please allow 7-10 business days for processing of forms. 5.) Please submit a copy of your completed form to your employer.  

*Please note that you may change your Wage Deferral Election no more than once per Calendar Quarter and the change will not become effective until the following quarter, if the form is submitted at least 15 days prior to the beginning of the Calendar Quarter 

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