CBP Legal and Regulatory Compliance in Benefits Administration

Question 1

Under the Employee Retirement Income Security Act (ERISA), which requirement must be met by employer-sponsored benefit plans?

Accepted Answer

Plan details must be disclosed to participants.

Answer

Plans must be funded entirely by employers.

Answer

Employees must be automatically enrolled.

Answer

Employees must contribute equally to all benefits.

Question 2

What is the purpose of the Consolidated Omnibus Budget Reconciliation Act (COBRA)?

Accepted Answer

It ensures employees can continue health coverage after job loss.

Answer

It mandates equal pay for all employees.

Answer

It guarantees lifetime health benefits for all workers.

Answer

It provides federal subsidies for all employer-sponsored plans.

Question 3

Which federal law prohibits discrimination in employment benefits based on age?

Accepted Answer

The Age Discrimination in Employment Act (ADEA)

Answer

The Family and Medical Leave Act (FMLA)

Answer

The Equal Pay Act (EPA)

Answer

The Affordable Care Act (ACA)

Question 4

Under the Affordable Care Act (ACA), what must employers with 50 or more full-time employees provide?

Accepted Answer

Health insurance coverage

Answer

Paid parental leave

Answer

Subsidized retirement plans

Answer

Stock options for all employees

Question 5

Which agency enforces compliance with the Family and Medical Leave Act (FMLA)?

Accepted Answer

The Department of Labor (DOL)

Answer

The Social Security Administration (SSA)

Answer

The Equal Employment Opportunity Commission (EEOC)

Answer

The Occupational Safety and Health Administration (OSHA)

Question 6

What is the purpose of the Health Insurance Portability and Accountability Act (HIPAA) in benefits administration?

Accepted Answer

It eliminates pre-existing condition exclusions.

Answer

It provides free healthcare for unemployed individuals.

Answer

It regulates employer contributions to benefits plans.

Answer

It mandates employer-provided health coverage.