"Evaluate Scheduled Event Participation" process returning error

Summary:

When running the Evaluate Scheduled Event Participation process, I am receiving the error "The participation process selection mode can't find the required predefined life events needed to run. Contact your benefits administrator for a data review."

Content (required):

I am running this batch process in preparation for open enrollment, thus I am selecting Life Event: Open in the batch parameters. What can I do to have this batch process run without errors?

Version (include the version you are using, if applicable):

23B

Code Snippet (add any code snippets that support your topic, if applicable):