According to ERISA, a Summary Plan Description (SPD)must Provide Descriptions

question 89

Multiple Choice

According to ERISA, a summary plan description (SPD) must provide descriptions of the plan's:

• A)budget.
• B)nominations.
• C)risks.
• D)benefit levels.
• E)tenure.

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Definitions:

International Arbitration

A method of resolving disputes between parties from different countries outside the courts, typically by following specific rules in a neutral forum.

Treaty of Ghent

The peace treaty that ended the War of 1812 between the United States and the United Kingdom, signed on December 24, 1814.

Embargo Act

A law passed by the United States Congress in 1807 that prohibited American ships from trading in all foreign ports, aiming to avoid conflicts.