Have You Sent Your Compliance Annual Reporting Data?

Your cooperative’s 2015 compliance questionnaire and W-2 salary data were due on February 16, 2016. If you have not already done so, please send them to the benefits compliance team as soon as possible so that nondiscrimination testing for your co-op’s retirement plans is accurate and timely.

You’ll find answers to all your compliance reporting questions on the NRECA Employee Benefits website.

• If you have eligibility questions, start with Retirement Plan Eligibility: Back to Basics. This article includes definitions, examples and tips for how to count hours of eligibility service and how to handle eligibility for rehired employees.
• For answers about the specific information to report in your co-op’s questionnaire and W-2 data submission, see the Compliance Annual Reporting Resource Guide. The guide includes detailed descriptions of data fields, a timeline, and FAQs.
• For tips and examples given directly by the retirement compliance staff, listen to the recording of our 2015 Compliance Annual Reporting webinar. The webinar was held on December 9, 2015, but you can access both the audio and the presentation slides online at your convenience.

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.