ERISA Requires That Employees Receive a Summary Plan Description Within

question 36

Multiple Choice

ERISA requires that employees receive a summary plan description within how many days of becoming a plan participant? (Summary Plan Description)

• A)120 days
• B)60 days
• C)90 days
• D)30 days

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Definitions:

Simplify

To make something less complex or easier to understand, often by reducing it to its basic components.

Reliable Laser

A laser device known for consistent performance and dependability in its intended applications.

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An investment program funded by shareholders that trades in diversified holdings and is professionally managed.

Annual Management Fee

A charge by investment managers for managing assets, calculated as a percentage of the total assets under management annually.