Election Forms not turned in on time

[MarZDoates]

Employer distributes enrollment forms to employees prior to the January 1 entry date. A couple of the employees (newly eligible to enter January 1) did not turn in their completed election forms until just now. The question is, can they go ahead and start deferrals on the next pay period or do they need to wait until the next entry date. (July 1). The employer was in the process of changing from one investment company to a new one. Assume that all blackout notices were distributed timely.

Is there any citation that I can refer to if they can enter on the next payroll date.

Thanks,

[Guest igglesfan]

How often can employees make and modify deferral election choices under the plan? (e.g. If i am deferring 10%, and decide I want to change to 11, do you make them wait for a new entry date, or can they do it every payroll).

[MarZDoates]

changes are permitted only on the next entry date

[Kimberly S]

Was the form submitted before the first payroll date following January 1?