Coverage Requirements Limit the Freedom of Employers to Exclude Employees

question 30

True/False

Coverage requirements limit the freedom of employers to exclude employees from participation. (ERISA Qualification Criteria)

---

Definitions:

NSF Check

A cheque that has been returned by the bank because it cannot be honored due to insufficient funds in the account.

Bank Statement

A summary issued by a bank detailing all transactions in an account over a specific period.

Outstanding Checks

Checks that have been issued by a company but have not yet been cashed or cleared by the bank.

Bank Statement

A monthly or quarterly document provided by a bank detailing the account holder's transactions, balances, and fees.