If you are a cooperative benefits administrator or have a hand in managing any of the cooperative-owned accounts invested at Homestead Funds, we’ve created this list of the most common questions and answers for you.
If you have a question about an account registered to you as an individual investor, see Account Help
We have a dedicated phone line set up just for cooperative benefit professionals. If you don’t see what you are looking for here, contact a Homestead Funds representative at 800-258-3030, option 3.
Your cooperative’s deferred compensation plan is a partnership between the plan administrator (the cooperative), the consultant (NRECA or a third-party selected by your cooperative) and the investment provider (Homestead Funds). We want to make sure you understand the role each partner plays so you can get your questions answered as soon as possible.
- Role of Investment Provider (Homestead Funds) and Account Owner/Administrator (Cooperative)
- Account Service Teams for NRECA and Homestead Funds
- Establishing Participant Accounts
- Making Deposits to Participant Accounts
- Requesting Exchanges or Distributions
- Establishing or Updating Account Beneficiaries
- Verification of Assets
- Tax Status and Tax Forms
- Updating Account Contacts and Authorized Signatures
- Online Access and Login Help
A FAS-106 account allows organizations to fund post-retirement medical benefits to retirees. Your cooperative can invest assets with a goal of long term-appreciation, while still maintaining a high level of liquidity to meet ongoing expenses related to retiree health care.
Cooperatives use entity accounts for many different purposes, from establishing scholarship funds to funding future equipment purchases. The term “entity account” can be applied to many different types of account registrations but generally it means an account owned by the cooperative.