HRCI Exam PHR Topic 6 Question 106 Discussion

Actual exam question for HRCI's PHR exam

Question #: 106
Topic #: 6

[All PHR Questions]

Your organization has a retirement benefits plan that is covered by ERISA . Under ERISA, which of the following is your organization required to do for the plan participants?

AProvide each participant with plan information, specifically about the features and funding of the plan through a summary plan description at a cost of no more than $7 per participant, per year.

BProvide each participant with plan information, specifically about the features and funding of the plan through a summary plan description at no cost.

CProvide each participant with monthly plan information, specifically about the features and funding of the plan through a summary plan description at no more than $7 per participant, per month.

DProvide each participant with monthly plan information, specifically about the features and funding of the plan through a summary plan description at no cost.

Show Suggested Answer

Suggested Answer: A

The person requesting that the union dues be deducted from their check and transferred to the union, must make the request in writing.

Answer options C and D are incorrect. There is no time limit when the employee may join the union and make request for payment of union dues.

Answer option B is incorrect. The union representative does not verify the request on behalf of an employee.

by Audry at Jan 24, 2025, 08:43 AM

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Leonida

2 months ago

As an HR professional, I've got to go with Option B. Anything that keeps costs down and meets the legal requirements is a win in my book. Although, the thought of a $7 per participant fee is making my wallet cringe a little.

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Phuong

1 months ago

Definitely, Option B is the way to go. It's a win-win for both the organization and the plan participants.

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Miss

1 months ago

I agree, keeping costs down is always a priority. Plus, it's a legal requirement under ERISA to provide plan information.

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Erinn

1 months ago

Option B sounds like the best choice. It's important to provide plan information to participants without any additional cost.

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Lashandra

2 months ago

Hold on, are we sure ERISA doesn't require us to provide the information monthly? Option D seems to cover all the bases, though I'm not keen on the no-cost part.

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An

15 days ago

Let's review the requirements to make sure we are compliant.

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Freeman

1 months ago

I think we should double-check if ERISA requires monthly information.

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Mozell

1 months ago

I agree, but the no-cost part is a bit concerning.

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Thersa

2 months ago

Option D seems to cover all the bases.

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Curtis

2 months ago

Haha, good luck getting any plan information for free these days! Option B is the way to go, though I'm curious how many pages are in a 'summary' plan description.

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Werner

2 months ago

But A makes sense because it mentions a cost limit for providing the plan information.

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Sena

2 months ago

I disagree, I believe the answer is B.

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Werner

2 months ago

I think the answer is A.

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Alecia

2 months ago

Option B sounds like the most straightforward and cost-effective way to provide participants with the required plan information. I doubt my boss would appreciate the additional costs of options A or C.

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