PHR Erisa Practice Questions

Your organization has a retirement benefits plan that is covered by ERISA . Under ERISA, which of the following is your organization required to do for the plan participants?

• AA. Provide each participant with plan information, specifically about the features and funding of the plan through a summary plan description at a cost of no more than $7 per participant, per year.
• BB. Provide each participant with plan information, specifically about the features and funding of the plan through a summary plan description at no cost.
• CC. Provide each participant with monthly plan information, specifically about the features and funding of the plan through a summary plan description at no more than $7 per participant, per month.
• DD. Provide each participant with monthly plan information, specifically about the features and funding of the plan through a summary plan description at no cost.

Your organization offers an employees' retirement benefit program that is covered by the Employee Retirement Income Security Act of 1974. The administrative responsibility for enforcement of the Employee Retirement Income Security Act of 1974 is divided among three government agencies. Which one of the following is not a government agency that helps to enforce ERISA?

• AA. FDIC
• BB. Department of Labor
• CC. IRS
• DD. Pension Benefit Guaranty Corporation