Form 5500 Extensions Filed; Distribute Summary Annual Reports in November

Summary Annual Reports (SARs) for the 401(k) Pension Plan and Group Benefits Program will be available for distribution in November 2018. When the annual returns are filed, NRECA will post the SARs on the Employee Benefits website and publish an I&FS Weekly article with distribution instructions and deadlines.

SARs must be distributed within 60 days after the Form 5500 returns are filed. Because extensions were filed for both the 401(k) Plan and the Group Benefits Program, the Form 5500 returns will be filed after the regular due date,so the distribution period for the SARs will begin once the Form 5500 returns are filed. Remember that SARs are only provided for the 401(k) Plan and Group Benefits Program. The annual funding notice for the Retirement Security Plan replaces the need to distribute a SAR for that plan.

If you’ve loaded 2018 compliance reminders into your calendar application (e.g., Microsoft Outlook), disregard the September 28 SAR distribution reminder. A second set of reminders for the extended deadline is also included in the calendar so that you can plan to distribute the SARs starting in November.

If you have questions, contact the Member Contact Center at 866.673.2299, option 7, or contactcenter@nreca.coop. Ask for the benefits compliance team.