Automatic changes. If the cost of a qualified Benefit, to which Participants contribute through elective contributions, increases (or decreases) during a Period of Coverage, the Plan Administrator shall, on a reasonable and consistent basis, automatically make a prospective increase (or decrease) in the affected Participants’ elective contributions for that Benefit.
Appears in 2 contracts
Sources: Flexible Benefits Plan, Flexible Benefits Plan
Automatic changes. If the cost of a qualified Benefit, to which Participants contribute through elective contributions, increases (or decreases) during a Period period of Coveragecoverage, the Plan Administrator shall, on a reasonable and consistent basis, automatically make a prospective increase (or decrease) in the affected Participants’ elective contributions for that Benefit.
Appears in 1 contract
Sources: Cafeteria Plan