Common use of Automatic Enrollment Clause in Contracts

Automatic Enrollment. (a) The Plan □ does / X does not have automatic enrollment. If not, skip to Item 16. If the Plan has automatic enrollment, the Plan is an (check one): □ Automatic Contribution Arrangement (ACA). The ACA will be effective: (“ACA Effective Date”). □ Eligible Automatic Contribution Arrangement (EACA). The EACA will be effective: (“EACA Effective Date”). (b) Automatic Enrollment applies to (check one): □ All Participants. □ All Participants, except those who have in effect an Enrollment Agreement on the ACA Effective Date or EACA Effective Date, as applicable, provided that the elective deferral amount under the Enrollment Agreement is at least equal to the Automatic Deferral Percentage. □ All Participants, except those who have in effect an Enrollment Agreement on the ACA Effective Date or EACA Effective Date, as applicable, regardless of the elective deferral amount under the Enrollment Agreement. □ All Participants, except those who have in effect an Enrollment Agreement on the ACA Effective Date or EACA Effective Date, as applicable, provided that the elective deferral amount under the Enrollment Agreement is greater than 0%. □ Each Employee whose Entry Date is on or following the ACA Effective Date or EACA Effective Date, as applicable. □ Each Employee whose date of hire is on or following the ACA Effective Date or EACA Effective Date, as applicable. □ Other: (The Employer may further describe affected Participants, e.g., non- collective bargaining employees or “division A employees.”) (c) The Automatic Deferral Percentage of any Participants making automatic deferrals on the date immediately prior to the ACA Effective Date or EACA Effective Date, as applicable, in an amount that is greater than the applicable Automatic Deferral Percentage described in Item 14(f) below □ shall / □ shall not be decreased. (d) The initial Automatic Deferral Percentage □ does / □ does not apply to Employees rehired after the ACA Effective Date or EACA Effective Date, as applicable. (e) Xxxx elective deferrals (check one or more, as applicable): □ Automatic deferrals shall be treated as Xxxx elective deferrals rather than as pre-tax deferrals. □ If the Employer elects Item 14(b)(ii), for Participants that have a Xxxx elective deferral election in place, the Automatic Deferral Percentage includes only the incremental percentage amount necessary to increase the Participant’s pre-tax deferral so that when aggregated with the Xxxx elective deferral is equal to the Automatic Deferral Percentage.