Multiple Choice
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?
A) 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.
B) 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.
C) Provide each participant with plan information, specifically about the features and funding of the plan through a summary plan description at no cost.
D) Provide each participant with monthly plan information, specifically about the features and funding of the plan through a summary plan description at no cost.
Correct Answer:
Verified
Correct Answer:
Verified
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