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What if an eligible employee does not want to be automatically enrolled in the plan?

April 26, 2017automatically eligible employee Enrolled Plan

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What if an eligible employee does not want to be automatically enrolled in the plan?

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There is an opt-out form that will be available for the eligible employees to sign so that they are not automatically enrolled in the plan. This form must be filled out prior to the entry date, otherwise they will be enrolled in the plan at the pre-determined deferral percentage.