Did You Remember to Send Your Compliance Annual Reporting Data?

Your cooperative’s 2014 compliance questionnaire and W-2 salary data were due on February 13, 2015. If you have not yet sent them to the benefits compliance team, please do so as soon as possible so that nondiscrimination testing for your co-op’s retirement plans is accurate and timely.

For answers to your remaining compliance reporting questions, look no further than the Employee Benefits website.

If you have eligibility questions, start with “Retirement Plan Eligibility: Back to Basics.” This helpful flier includes definitions, examples and tips like where to find your elections, how to count hours of eligibility service and how to handle eligibility for rehired employees.

For answers about specific items on the questionnaire or about W-2 salary data, check the Compliance Annual Reporting Resource Guide. The guide includes more than just eligibility information, such as details about what should be included in each data field for W-2 salary data.

For timely tips and examples given directly by the retirement compliance staff, and to hear questions and answers from attendees, view and listen to the 2014 Compliance Annual Reporting webinar. The webinar was held on December 10, 2014 but you can access it at your convenience online. The presentation slides also are available.

If you have questions about annual reporting that are unique to your co-op, call the benefits compliance team at 866.673.2299, option 7. You also can email us at pension.compliance@nreca.coop.