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  Appeals, Recordkeeping and Other General Provisions ► What’s next?

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 ► Introductory Provisions/Definitions  Establishment of plan  Definitions ► Capitalized Terms Rule

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

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

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

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

Plan Document Walkthrough ► Appeals & Recordkeeping  Appeals  Recordkeeping and Administration

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

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