POP Plan Document Guided Tour

AmeriFlex Presents : 

AmeriFlex Presents The ePOP Plan Document: A Guided Tour

Outline of Presentation : 

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?

What is the Plan Document? : 

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

Plan Document Walkthrough : 

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

Plan Document Walkthrough : 

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

Plan Document Walkthrough : 

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

Plan Document Walkthrough : 

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

Plan Document Walkthrough : 

Plan Document Walkthrough Premium Payment Component Benefits Described Insurance Benefits Explained COBRA

Plan Document Walkthrough : 

Plan Document Walkthrough Appeals & Recordkeeping Appeals Recordkeeping and Administration

Plan Document Walkthrough : 

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

What’s Next? : 

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