Today is the deadline to submit your cooperative’s 2022 compliance questionnaire and W-2 data for use in performing annual required nondiscrimination testing on the 401(k) Pension and Retirement Security Plans. The resources you’ll need are posted on the Employee Benefits[…]
In January, we shared news of the legislative victory contained in the Consolidated Appropriations Act of 2023 that brings limited relief for certain cooperative employees participating in the Retirement Security (RS) Plan from certain benefit limitations associated with IRC Section[…]
The deadline to submit your cooperative’s 2022 compliance questionnaire and W-2 data is Wednesday, February 15—just one week away. NRECA’s benefits compliance team uses this data to perform annual required nondiscrimination testing on the 401(k) Pension Plan. As you prepare[…]
Wednesday, February 15 is the due date to send your cooperative’s 2022 questionnaire and W-2 salary data. NRECA’s benefits compliance team uses this data to perform annual required nondiscrimination testing on the 401(k) Pension Plan. As you prepare your data,[…]
Because the Retirement Security (RS) Plan—for financial reporting purposes only—is considered a multiemployer plan, participating cooperatives generally need to follow Accounting Standards Update (ASU) 2011-09 when preparing their annual financial statements. The NRECA fact sheet that details ASU 2011-09 financial disclosure requirements[…]