MINNKOTA POWER COOPERATIVE, INC EMPLOYEES PENSION PLAN - PLAN A
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MINNKOTA POWER COOPERATIVE, INC EMPLOYEES PENSION PLAN - PLAN A

This is for the benefit of people going through a divorce or attorneys assisting their clients with a divorce. Please don't reach out to us on live chat or our toll free number unless you're dealing with a divorce. SimpleQDRO isn't a Plan Administrator or affiliated with the plan or company listed on this page. We do draft QDROs for this plan, though. So if that is why you're here, please connect with us.
MINNKOTA POWER COOPERATIVE, INC EMPLOYEES PENSION PLAN - PLAN A is a DEFINED BENEFIT PLAN. This type of plan generally provides participants with a monthly retirement benefit upon reaching a specific age and may be adjusted for early retirement. Benefits paid at the time of retirement are typically calculated using a formula based upon years of credited service and compensation information. Benefits are generally payable to the participant upon reaching "normal retirement age" for the remainder of the Participant's lifetime. Benefits accumulated under this type of plan are often referred to as "accrued benefits".

With this type of plan, the Alternate Payee is usually not awarded a lump sum cash payment from the Plan. Rather, the Alternate Payee’s award is typically made in terms of a monthly benefit payable for either the lifetime of the Participant (a "shared payment") or the Alternate Payee (a "separate interest").

Features of the MINNKOTA POWER COOPERATIVE, INC EMPLOYEES PENSION PLAN - PLAN A may include:

  • Benefits accrued under this Plan are primarily pay related
  • This Plan is known as a “Floor-offset” plan and is designed to offset for retirement benefits provided by an employer-sponsored defined contribution plan.


DISCLAIMERS

The Plan features and descriptions presented are provided only as examples and general descriptions a particular type of plan. Participants and Alternate Payees should ALWAYS review the applicable Summary Plan Description for a detailed description of the specific terms and options for the specific Plan in question.

The information provided on this page is based upon the most recent Plan tax filings available. The terms of a specific plan may have changed since the most recently available tax filing, and as a result, these descriptions and features may not be current. SimpleQDRO makes no representations as to accuracy of these descriptions.

SimpleQDRO is neither the administrator, nor a representative of this Plan. SimpleQDRO provides this information merely as a courtesy and makes no warranties as to the current status or accuracy of these descriptions.
Plan & Company Information

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Company
MINNKOTA POWER COOPERATIVE, INC
5301 32ND AVE S
GRAND FORKS, north dakota 58201
701-795-4233
pdg
Plan Name
MINNKOTA POWER COOPERATIVE, INC EMPLOYEES PENSION PLAN - PLAN A
pdg
Plan Administrator
MINNKOTA POWER COOPERATIVE, INC
5301 32ND AVE S
GRAND FORKS, north dakota 58201
701-795-4233
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MINNKOTA POWER COOPERATIVE, INC EMPLOYEES PENSION PLAN - PLAN A is located in Grand Forks County in GRAND FORKS, ND. If you need a QDRO in Grand Forks County or GRAND FORKS, ND just know that SimpleQDRO drafts QDROs for customers in all 50 states.
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