All categories

3 years ago

The Employee Retirement Income Security Act (ERISA) of 1974 states that employees must be told about their benefits: __________

Business

1 answer:

sergiy2304 [10]3 years ago

6 0

Answer:

c. In a way that the average employee can understand.

Explanation:

The Employee Retirement Income Security Act of 1974 is a federal labor and tax law of the United States of America. It is also referred to as the Employee Benefit Security Act and it was originally published (effective) on the 2nd of September, 1974 and was mainly focused on providing pension reforms for the employees working in the United States of America.

Basically, the Employee Retirement Income Security Act (ERISA) of 1974 sets the minimum standards for the administration of retirement (pension) and healthcare plans in the private sector or industry.

Hence, the Employee Retirement Income Security Act (ERISA) of 1974 states that employees must be told about their benefits such as plan features and funding, in a way that the average employee can understand.

You might be interested in

Name and describe the three basic types of checking accounts.

aliya0001 [1]

Answer:

Traditional Checking Account. A traditional checking account offers the ability to write checks.

Premium Checking Account.

Interest-Bearing Checking Account.

Rewards Checking Account.

Student Checking Account.

Second Chance Checking Account.

Explanation:

7 0

3 years ago

You recently received your real estate sales license, and you now represent a seller in a popular new subdivision where buyers

Dennis_Churaev [7]

Answer:

Promotion.

Explanation:

The aim of promotion is to increase awareness, create interest, generate sales or create brand loyalty. Promotion is also one of the elements in the promotional mix or promotional plan.

5 0

3 years ago

Select the best answer for the question.

Lorico [155]

Answer:

Explanation:

US dollar used to be backed by gold but this is not the case anymore. US dollar being as a flat currency is backed by governemnt through federal reserve.

6 0

3 years ago

You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on t

FromTheMoon [43]

Answer:

The correct answer is letter "E": A secondary market transaction.

Explanation:

The secondary market refers to all transactions of securities that happen after the stock's initial offering. It can also refer to the exchanges themselves where these transactions take place. The New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation (NASDAQ) are examples of secondary market exchanges.

3 0

3 years ago

Tony works in purchasing for the Epic Electronics on the East Coast. He arrives at work at 6:00 a.m. and leaves by 3:00 p.m. He

Vikki [24]

A. the company is required to hire twice as many people and spend additional funds training these individuals.

B. there is a one-hour window of opportunity to talk with employees on the West Coast, who work 8:00 a.m. to 5:00 p.m.

C. morning workers are never as productive as afternoon workers.

D. this system will increase absenteeism.

There is a one-hour window of opportunity to talk with employees on the West Coast, who work 8:00 a.m. to 5:00 p.m.

Answer: Option B.

Explanation:

Flex time is the time that the company or the organisation offers to some of the employees of the organisation which is not the same as the regular working time of the other organisations. These employees who work for flex time sometimes pose to be a problem for the company.

Because of the organisation flex time that has been offered by the organisation to Tony, this will pose a disadvantage and a problem to the company. Tony will not be able to talk in the one hour window talking like the other employees of the company.

5 0

4 years ago