GBA 3 Practice Questions With
Complete Solutions
an employee welfare benefit plan has 4 basic elements including all of the
following except
the plan, fund or program is at least partially funded by the employer
the courts have held that a plan, fund or program under ERISA is established if,
from the surrounding circumstances, a reasonable person can ascertain all of the
following except
the carrier providing benefits
there are strict requirements and formalities to create an ERISA plan, and a
specific set of actions must be met to establish such a plan
False
which of the following is an example of a type of benefit plan that is not subject to
ERISA plans
governmental plans and church plans
which of the following is a type of benefit provided by an ERISA health and
welfare plan
medical, surgical or hospital care or benefits; prepaid legal services; day-care centers;
scholarship funds
which of the following is an example of a type of ERISA health and welfare plan
, FSAs, wellness programs, drug or alcohol programs
the DOL regulations list types of payroll practices as not being ERISA plans.
there would include plans where compensation is paid to an employee in all of
the following circumstances except
while absent tending to a sick or injured family member
based on the DOL safe harbor, the requirements for a voluntary benefit
arrangement to be exempt from ERISA include all of the following except
the premium must be affordable, i.e., not higher than 5% of the lowest employee salary
the term ' no employer endorsement' means an employer cannot
express positive normative judgement
the term 'participant' has been interpreted broadly to include which of the
following individuals
covered retirees and COBRA-qualified beneficiaries
a ____ is any person designated by a participant who is or may become entitled
to a benefit under the plan. they have rights provided under the plan in question,
and the plan fiduciaries owe fiduciary duties to them
beneficiary
all of the following are the main disclosure requirements under ERISA except
a four-page SBC must be provided to applicants and enrollees every 3 years
Complete Solutions
an employee welfare benefit plan has 4 basic elements including all of the
following except
the plan, fund or program is at least partially funded by the employer
the courts have held that a plan, fund or program under ERISA is established if,
from the surrounding circumstances, a reasonable person can ascertain all of the
following except
the carrier providing benefits
there are strict requirements and formalities to create an ERISA plan, and a
specific set of actions must be met to establish such a plan
False
which of the following is an example of a type of benefit plan that is not subject to
ERISA plans
governmental plans and church plans
which of the following is a type of benefit provided by an ERISA health and
welfare plan
medical, surgical or hospital care or benefits; prepaid legal services; day-care centers;
scholarship funds
which of the following is an example of a type of ERISA health and welfare plan
, FSAs, wellness programs, drug or alcohol programs
the DOL regulations list types of payroll practices as not being ERISA plans.
there would include plans where compensation is paid to an employee in all of
the following circumstances except
while absent tending to a sick or injured family member
based on the DOL safe harbor, the requirements for a voluntary benefit
arrangement to be exempt from ERISA include all of the following except
the premium must be affordable, i.e., not higher than 5% of the lowest employee salary
the term ' no employer endorsement' means an employer cannot
express positive normative judgement
the term 'participant' has been interpreted broadly to include which of the
following individuals
covered retirees and COBRA-qualified beneficiaries
a ____ is any person designated by a participant who is or may become entitled
to a benefit under the plan. they have rights provided under the plan in question,
and the plan fiduciaries owe fiduciary duties to them
beneficiary
all of the following are the main disclosure requirements under ERISA except
a four-page SBC must be provided to applicants and enrollees every 3 years
