2016-129N - Laserfiche WebLink

Home Browse Search

ARTICLE 3 - BENEFIT ELECTIONS 3.01 Election of Contributions. An Employee may elect to participate in any of the Qualified Benefits offered under this Plan provided the eligibility requirements have been met. The premiums and/or contributions for such Qualified Benefits will be tax-free under this Plan if permitted under federal, state or local law. The election of any Qualified Benefit will serve as an election to participate in this Plan. Such elections are optional, subject to the rules stated herein and in the Benefit Plans and/or Policies. The Employee may retain any or all earned income (cash) in lieu of benefits. The Employer may contribute to any or all Qualified Benefits however the Employee has no right to such contributions unless the Qualified Benefit is elected and the Employee pays a corresponding premium and/or contribution. 3.02 Newly-eligible Employees. Employees that become eligible to participate in this Plan, either due to new employment or regaining eligibility including returning from non-FMLA leave, shall have 30 days to make an election to participate in any or all of the Qualified Benefits. Such election shall take effect on the first day of the month following 30 days of employment or return from non-FMLA leave. Elections may be made via electronic enrollment and/or paper form, as required by the Employer. Some Qualified Benefits may require the separate approval of the benefit provider and the election of a Qualified Benefit which is not guaranteed. 3.03 Open Enrollment. An Open Enrollment period will be established by the Employer before the start of each Plan Year. Both current Participants and newly-eligible Employees may elect from the Qualified Benefits made available for the coming Plan Year using the Employer-designated electronic enrollment system. The Open Enrollment period is a limited time that has a deadline for making elections that ends days or weeks before the new Plan Year starts. Once the Open Enrollment ends, no further elections for the new Plan Year will be accepted. Failure to make an election may have one or more of the following consequences: a. You may be automatically re-enrolled in the same Qualified Benefit(s) you had before the new Plan Year if the same option(s) continues to be available. b. You may be enrolled in the Qualified Benefit(s) that most closely matches the Qualified Benefit(s)you had before the new Plan Year began(as determined by the Employer). c. You may be excluded from participating in the Qualified Benefit(s) for the new Plan Year. The Employer has sole discretion regarding which of the above options apply to each available Qualified Benefit if an eligible Employee fails to make an election during the Open Enrollment period. Page 6