Nebraska Statutes 13-1620. Governing body; annual report
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The governing body of a plan sponsor shall approve an annual report showing the beginning and ending balance of the fund established pursuant to section 13-1619, deposits of monthly accruals and other assets of the fund, and a separate accounting to reflect required reserves.
Terms Used In Nebraska Statutes 13-1620
- Accruals: shall mean funds to cover all expected claims, reserves, and expenses to operate the self-funded portion of the employee benefit plan for a plan year. See Nebraska Statutes 13-1604
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Plan sponsor: shall mean any political subdivision providing an employee benefit plan. See Nebraska Statutes 13-1611