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AmeriFlex Presents

AmeriFlex Presents. The ePOP Plan Document: A Guided Tour. Outline of Presentation. What is the plan document? Walkthrough Introductory Provisions/Definitions Eligibility and Participation Election Rules Benefits Offered/Method of Funding Premium Component

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AmeriFlex Presents

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  1. AmeriFlex Presents The ePOP Plan Document: A Guided Tour

  2. Outline of Presentation • What is the plan document? • Walkthrough • Introductory Provisions/Definitions • Eligibility and Participation • Election Rules • Benefits Offered/Method of Funding • Premium Component • Appeals, Recordkeeping and Other General Provisions • What’s next?

  3. What is the Plan Document? • The “Rulebook” for the plan • What benefits are offered? • Who is eligible for those benefits? • Who pays for those benefits—and how? • How do you elect the benefits? • How can you change the elections for those benefits? • The plan document is “adopted” by the plan sponsor • The plan document is the final authority on the plan • No POP plan without it

  4. Plan Document Walkthrough • Introductory Provisions/Definitions • Establishment of plan • Definitions • Capitalized Terms Rule

  5. Plan Document Walkthrough • Eligibility and Participation • Who is eligible to participate? • Hours a week • Waiting period • When is participation terminated?

  6. Plan Document Walkthrough • Election Rules • When eligible • Open Enrollment • Irrevocability • Change in status/other events

  7. Plan Document Walkthrough • Benefits Offered/Method of Funding • Benefits • Employer/Participant • Salary Reductions

  8. Plan Document Walkthrough • Premium Payment Component • Benefits Described • Insurance Benefits Explained • COBRA

  9. Plan Document Walkthrough • Appeals & Recordkeeping • Appeals • Recordkeeping and Administration

  10. Plan Document Walkthrough • General Provisions • ERISA/Code • Plan document provisions control • Affiliated employers appendix

  11. What’s Next? • Review • Signature & Adoption • Keep on file/plan established! • Conclusion

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