2019 Retirement Compliance Data Due February 14, 2020

The deadline to submit your cooperative’s 2019 compliance questionnaire and W-2 data is February 14, 2020. This information is used to perform annual nondiscrimination testing for your NRECA-sponsored retirement plans, as required by the Internal Revenue Service.

As of January 2, 2020, the enhanced W-2 Salary Submission event is available for your co-op’s 2019 W-2 salary data under the “Salaries & Payments” megamenu. The annual questionnaire has also been updated for reporting 2019 plan year information.

Resources to help prepare your data are located on the W-2 Salary Data & Retirement Compliance Questionnaire page of the BA Guide. They include:

• The Compliance Annual Reporting Resource Guide, which answers many of your questions about both the W-2 Salary Submission and the questionnaire.
• The updated W-2 import file layout. The new layout contains a new field for co-ops to report required employee Retirement Security (RS) Plan contributions. The new field eliminates the need for Appendix E to the compliance questionnaire. The import file layout does not change for co-ops that either don’t offer the RS Plan or don’t require employees to contribute to the RS Plan.  

Use the Message Center to securely send your completed questionnaire. Retain a full copy in your files in case the retirement compliance team needs to clarify any of your entries during testing.

If you need help finding these resources, contact the Member Contact Center at 866.673.2299 or contactcenter@nreca.coop.

For help with the W-2 Salary Submission or the questionnaire, contact the benefits compliance team at 866.673.2299, option 7, or pension.compliance@nreca.coop.