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Automatic Enrollment / Passive Enrollment The practice of enrolling all eligible employees in a plan and beginning participant deferrals without requiring the employees to submit a request to participate. Employees who do not want to make deferrals to the plan must file a request to be excluded from the plan. Participants can generally change the amount of pay that is deferred and how it is invested.All passively enrolled employees must be immediately notified of their new 401k participant status. |
