Opt Out Plan

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Definition: Opt Out Plan

Opt Out Plan
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Full Definition of Opt Out Plan

A type of 401(k) retirement investment plan that will automatically enroll the eligible employees into the plan. These types of plans allow an employee to opt out if he or she does not want to be enrolled in the plan. These plans can also be referred to as automatic 401(k)s.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/opt-out-plan/
Modern Language Association (MLA):
Opt Out Plan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
February 03, 2025 https://payrollheaven.com/define/opt-out-plan/.
Chicago Manual of Style (CMS):
Opt Out Plan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/opt-out-plan/ (accessed: February 03, 2025).
American Psychological Association (APA):
Opt Out Plan. PayrollHeaven.com. Retrieved February 03, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/opt-out-plan/

Definition Sources

Definitions for Opt Out Plan 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: 16th November, 2021 | 0 Views.