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Can a participant revoke exsisting elections and make new elections under a Cafeteria Plan?

April 26, 2017cafeteria elections exsisting participant Plan revoke

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Can a participant revoke exsisting elections and make new elections under a Cafeteria Plan?

1 Answer

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10 Posted

A. Yes. Under certain circumstances participants can change their elections. If a new election is permitted, then such new election must be consistent with the reason that such change was permitted. (Reg. Sec. 1.125-2 Q&A-6 and Reg. Sec. 1.125-YT.) Q.