Negative Election

Business, Legal & Accounting Glossary

Definition: Negative Election


Negative Election


Full Definition of Negative Election


A method used by retirement plan administrators to increase 401(k) or retirement plan participation. Employees are given the choice to opt out of participating in the company’s retirement account. Failure to opt out during the required timeframe is deemed as a negative election to opt out – or an affirmative election to participate in the plan – and these employees are automatically enrolled in the company’s retirement plan.


Cite Term


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https://payrollheaven.com/define/negative-election/
Modern Language Association (MLA):
Negative Election. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/negative-election/.
Chicago Manual of Style (CMS):
Negative Election. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/negative-election/ (accessed: March 28, 2024).
American Psychological Association (APA):
Negative Election. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/negative-election/

Definition Sources


Definitions for Negative Election are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.