4.13 SR 05-06-2024 - Laserfiche WebLink

Home Browse Search

© 2012 Hitesman & Wold, P.A. City of Elk River Flexible Benefits Plan 7 ARTICLE III. ELIGIBILITY AND PARTICIPATION 3.1 Initial Eligibility Requirements. In general, Eligible Employees include all full-time Employees and part-time Employees working at least thirty-two (32) hours or more per week. Seasonal and temporary employees are not eligible. 3.2 Notification to Participants. The Plan Administrator shall provide each Eligible Employee written notice of the Employee’s eligibility to participate in the Plan. 3.3 Application for Participation. (a) Generally. In general, unless an Eligible Employee is deemed to have made an Election as provided in Section 5.1, to become a Participant, an Eligible Employee shall execute and deliver to the Plan Administrator within the time period established by the Plan Administrator, a written application signed by the Eligible Employee in which the Eligible Employee: (1) applies to participate in the Plan; (2) designates the required portion of Compensation for the pre-tax and after-tax (if any) contributions; (3) makes a benefit Election; and (4) supplies any other pertinent information that the Plan Administrator may reasonably require. By signing such application or agreement, the Eligible Employee shall be deemed for all purposes to have agreed to participate and to conform to the requirements of the Plan. Such application or agreement may be the same as, or separate from, the application or agreement required to participate in any Optional Benefit under this Plan. Alternatively, or in addition to, the Plan Administrator may require or permit application of same scope by electronic means. (b) Effective Date. Participation in the Plan shall begin on the first day of the month following the date on which the Employee becomes eligible to participate or, if later, as soon as administrative feasible following submission of the written application. Notwithstanding the foregoing, for new hires, if an Eligible Employee executes and delivers such written application to the Plan Administrator within thirty (30) days of employment, then pursuant to Cafeteria Plan Regulations participation in this Plan is retroactive to the first of the month following the date of hire. However, salary reduction contributions to pay for coverage during the period preceding the submission of the application shall be taken prospectively from compensation paid following submission of the application. 3.4 Termination of Participation. A Participant automatically ceases to be a Participant at midnight of the earliest of the following dates: (a) the date of the death of the Participant; (b) the last day of the month containing the date of termination of the Participant’s employment with the Employer; (c) the last day of the month containing the date of the Participant’s failure to meet the eligibility requirements of Section 3.1, as may be amended from time to time; or Page 100 of 254