2020 Retirement Compliance Data Due February 15, 2021

The deadline to submit your cooperative’s 2020 compliance questionnaire and W-2 data is February 15, 2021. Your information is used to perform annual nondiscrimination testing for the NRECA-sponsored retirement plans, as required by the Internal Revenue Service.

NRECA’s W-2 Salary Submission event is available under the “Salaries & Payments” megamenu to receive your co-op’s 2020 W-2 salary data. All other 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 annual questionnaire, which has been updated for reporting 2020 information.
• The Compliance Annual Reporting Resource Guide, which answers many of your questions about both the W-2 Salary Submission and the questionnaire.
• The W-2 import file layout, and
• The 2020 Compliance Annual Reporting webinar is also available on demand to answer questions as you prepare your data.

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 online, 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.