What is the process to terminate a benefit plan in Workday?

The correct answer is to deactivate the plan while ensuring proper communication to affected employees. This process encompasses both the administrative actions required to end a benefit plan and the necessary steps to inform those affected by the change. Deactivating the plan in Workday ensures that the plan is no longer active and cannot be selected by employees during enrollment.

Proper communication to employees is critical as it helps to clarify the reasons behind the termination of the plan and informs them of any next steps they need to take. This consideration demonstrates an organization's commitment to transparency and can help maintain trust, as employees might be impacted by the loss of benefits.

The other options, while related to the overall process of managing benefits, do not fully capture the required steps involved in terminating a benefit plan effectively. Simply notifying employees without deactivating the plan does not complete the necessary administrative action. Removing dependent enrollments immediately may not be a comprehensive action, as affected employees should be able to transition smoothly rather than facing abrupt changes. Lastly, creating a new plan to replace the old one does not address the termination process of the existing plan itself; it might be part of a strategic benefits offering decision but does not replace the need to formally deactivate the plan being terminated.