Reminder: Watch the 2020 Compliance Annual Reporting Webinar

The 2020 Compliance Annual Reporting webinar is now available.

The webinar was developed by NRECA’s retirement compliance team to explain how to gather and report your questionnaire and W-2 salary data. If you haven’t done so already, listen to the recording for valuable instructions about how to prepare and send your compliance data by the February 15, 2021 deadline. The recording and slides will be available throughout 2021 so that you can listen at your convenience.

In November, a Message Center notification linking to all 2020 compliance reporting resources, including the questionnaire and resource guide, was sent to benefits administrators at cooperatives that offer one or both of the NRECA-sponsored retirement plans.

• The questionnaire is due no later than February 15, 2021. You can either type responses directly into the form or print a copy and complete it by hand. Adobe Reader is required.
• W-2 salary data accompanies your questionnaire and is also due on February 15. NRECA’s systems will be ready to receive W-2 data on January 4, 2021.
• The resource guide includes a timeline, answers to frequently asked questions, preparation checklist, and detailed instructions for both W-2 data and questionnaire reporting.
• The W-2 Salary Submission file layout provides field descriptions for co-ops that plan to import a file containing their data.

If you have questions as you prepare to send your compliance data, contact the benefits compliance team at 866.673.2299, option 7, or pension.compliance@nreca.coop. The team will respond individually to your questions about either the webinar or about your co-op’s specific reporting requirements.