Haw. Code R. § 14-52-30 - Administrative cancellations

(a) If a participant fails to make the monthly contribution specified in the compensation reduction agreement, or fails to pay the monthly administration fee, the third-party administrator may administratively cancel the employee's participation in the plan.

(b) The third-party administrator shall notify the participant of the cancellation in writing.

(c) The administrative cancellation shall be effective retroactively to the beginning of the pay period in which the participant failed to make the monthly contribution or pay the monthly administrative fee.

(d) Once the administrative cancellation becomes effective, any unused contributions shall be permanently forfeited to the State,

Notes

Haw. Code R. § 14-52-30

[Eff SEP 13 1999] (Auth: HRS § 78-61) (Imp: HRS § 78-61) [Comp 12/2/2021] (Auth: HRS § 78-30) (Imp: HRS § 78-30)