Which Act Was Enacted to Protect the Interests of Employee-Benefit-Plan

question 23

Multiple Choice

Which act was enacted to protect the interests of employee-benefit-plan participants and their beneficiaries by requiring the disclosure to them of financial and other information concerning the plan?

• A) Employee Retirement Income Security Act
• B) Health Insurance Portability and Accountability Act
• C) Consolidated Omnibus Budget Reconciliation Act
• D) Family and Medical Leave Act

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Definitions:

Maslow's Need Hierarchy

A psychological theory proposing that humans are motivated by five basic categories of needs: physiological, safety, love/belonging, esteem, and self-actualization, in ascending order of importance.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.

Physiological

Pertaining to the branch of biology that deals with the normal functions of living organisms and their parts.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.