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ISO: Your definitions of "significant change"


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Posted

Another question for you kind folks:

In regards to Premium Only and Premium with FSA 125 Accounts...

As far as I can tell there is no specific language which DEFINES "significant change" - allowing 125 participants to change/terminate their elections.

At this time our SPD does not have the definition and we would like to incorporate it.

Any input regarding this concern would be appreciated.

Thank you in advance.

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