If your cooperative offers group term life insurance that exceeds $50,000, you must report imputed income on employees’ W-2 forms. Co-ops that do not receive this service from their payroll provider or other vendor may use resources on the Employee[…]
If your cooperative offers group term life insurance, you must report imputed income on employees’ W-2 forms. Co-ops that do not receive this service from their payroll provider or other vendor may use resources now available on the Employee Benefits[…]
Marie O’Dell is the new dedicated MetLife representative supporting the NRECA Group Term Life Insurance Program. She replaces Rhonda McGill. Marie can answer your or a participant’s questions about a life insurance claim that is in process and help with[…]
If your cooperative offers group term life insurance (either through the NRECA Group Benefits Program or another group insurance plan), don’t forget to report imputed income on employees’ 2020 W-2 forms. Life insurance imputed income worksheets for both 2020 and[…]
A reminder to those cooperatives that utilize a payroll system to deduct premiums from employees’ paychecks for life insurance premiums: You may need to update those systems to reflect the plan changes for 2021. Depending on your cooperative’s elections and[…]