What type of elections can an employer set up for their POP plan?
There are three types of elections that an employer can provide for their employees in the POP plan. 1. Positive Election - Elections must be made every year by employees prior to the start date of the plan. 2. Negative Election - Employees are automatically included in the POP plan, but must be allowed to opt-out of the plan. 3. Evergreen Election - Elections must me made the first year into the plan by employees. They are automatically renewed every year thereafter unless they opt-out in writing.Find another question