What Does a Summary Plan Description Describe

question 7

Multiple Choice

What does a summary plan description describe?

• A) the details of a company's health insurance coverage
• B) a pension plan's funding, eligibility requirements, and risks
• C) the amount of Social Security benefits employees are allotted
• D) the type and duration of disability insurance
• E) a set of communications, activities, and facilities designed to change health-related behaviors to reduce health risks

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Definitions:

Bubble

An increase in the price of a good based not on the fundamentals of demand or value, but instead on a belief that the price will keep going up.

Consumer Behavior

The study of how individuals or groups select, buy, use, and dispose of goods, services, ideas, or experiences.

Rules of Thumb

General principles or guidelines that provide simplified advice or wisdom based on experience or common practice.

Biases

Systematic patterns of deviation from norm or rationality in judgment, where particular feelings, beliefs, or behaviors predominate over others.