Which of the following is true regarding negative elections? a negative election is a provision whereby the employee is deemed to have elected a specific deferral unless the employee specifically elects out of such election in writing. negative elections are no longer approved by the irs. when an employer includes a negative election in its qualified plan, the employer must also provide 100% immediate vesting. a.1 b. 1& 3 c. 2& 3 d. all the above

The correct answer is letter "A": 1.

Explanation:

The negative election is a systematic choice made by employers regarding the employees' 401k retirement accounts. It requires the administrators to enroll their subordinates in a plan they must elect but not participate. Thus, the employer enrolls the workers in a given plan and then the employees are offered to be withdrawn from the plan after a period of time.

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.