Which of the Following Are Employers Required to Provide to Plan

question 17

Multiple Choice

Which of the following are employers required to provide to plan participants under ERISA?

• A) Plan information (i.e., features and funding).
• B) A grievance and appeals process for participants to get benefits from their plans.
• C) The right to sue for benefits and breaches of fiduciary duty.
• D) Plan information (i.e., features and funding), a grievance and appeals process for participants to get benefits from their plans, and the right to sue for benefits and breaches of fiduciary duty.
• E) Plan information (i.e., features and funding) and a grievance and appeals process for participants to get benefits from their plans, but not the right to sue for benefits and breaches of fiduciary duty.

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Definitions:

Capital Budgeting

The process of planning and managing a company's investments in major projects or assets with long-term implications.

Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term financial health and operational efficiency.

Straight-Line Depreciation

A way of distributing the financial burden of a tangible asset over its lifespan in equal yearly portions.

Initial Investments

The initial amount of money invested in a project or business to cover startup costs or to purchase fixed assets.