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Automatic Deferrals (or "Negative Elections") Work for 403(b) Programs, IRS Rules
Internal Revenue Service [IRS] Link to more items from this source
[Official Guidance]
July 17, 2000
Revenue Ruling 2000-35. Excerpt: ... contributions made on the employee's behalf to the annuity contract in lieu of receipt of cash compensation will not fail to be considered to be made under a salary reduction agreement merely because they are made pursuant to an arrangement under which, in any case in which an employee does not affirmatively elect to receive cash, the employee's compensation is reduced by a fixed percentage and that amount is contributed ... to the annuity contract.

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