CBP Benefits Compliance and Regulations

Question 1

Which agency is primarily responsible for enforcing ERISA's reporting and disclosure requirements for employee benefit plans?

Accepted Answer

Department of Labor (DOL)

Answer

IRS

Answer

SEC

Answer

EEOC

Question 2

The Family and Medical Leave Act (FMLA) requires covered employers to provide eligible employees with up to how many weeks of unpaid leave per year?

Accepted Answer

12 weeks

Answer

6 weeks

Answer

10 weeks

Answer

16 weeks

Question 3

Under HIPAA's privacy rule, what is the minimum necessary standard?

Accepted Answer

Sharing only the minimum PHI needed to accomplish a permitted purpose

Answer

Storing PHI on secure servers with minimum encryption

Answer

Providing employees minimum notice of privacy practices

Answer

Collecting only minimum health data during benefits enrollment

Question 4

Which law prohibits employment discrimination based on genetic information, including in employee benefits?

Accepted Answer

GINA

Answer

ADA

Answer

HIPAA

Answer

Title VII

Question 5

Under the ACA's employer mandate, what is the affordability threshold for 2024 based on employee-only premium cost relative to household income?

Accepted Answer

8.39%

Answer

9.12%

Answer

9.02%

Answer

8.73%

Question 6

Which IRS section governs non-qualified deferred compensation plans and imposes strict distribution timing and election rules?

Accepted Answer

Section 409A

Answer

Section 401(a)

Answer

Section 457(b)

Answer

Section 415