Nondiscrimination Testing Reminder: Retrieve 2020 Results

To prepare for 2021 nondiscrimination testing, the benefits compliance team will archive 2020 plan year test results after 5:00 pm, Eastern time this Friday, January 21. If you haven’t done so already, retrieve your cooperative’s 2020 test results from the Employee Benefits website by January 21. Once archived, you may request a copy of test results for any prior year by emailing pension.compliance@nreca.coop or by calling 866.673.2299, option 7.

Your co-op’s 2021 W-2 salary information and compliance questionnaire, which are due by February 15, 2022, are used to perform nondiscrimination testing for the 401(k) Pension Plan as required by the Internal Revenue Service. The resources you’ll need for 2021 reporting is available on the W-2 Salary Data & Retirement Compliance Questionnaire page of the BA Guide.

For assistance with your co-op’s 2021 data submission, contact the benefits compliance team at 866.673.2299, option 7, or pension.compliance@nreca.coop.