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In the paragraph below, a statement contains two pairs of terms enclosed in parentheses. Determine which term in each pair correctly completes the statement. Then select the answer choice containing the two terms that you have chosen.
Every employee benefit plan governed by the Employee Retirement Income Security Act (ERISA) must distribute a summary plan description (SPD) to participants within (90 / 120) days after the date on which the plan is adopted or made effective. Thereafter, if the plan is amended, a new SPD must be distributed every (5 / 10) years.
Suggested Answer: C
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10 comments · newest first
RY
Ryan
1 year ago
Totally agree, 90 days makes sense!
MA
Marcelle
1 year ago
Wait, are you sure about the 90 days? Seems short.
VE
Verlene
1 year ago
I thought it was 120 days, but I guess not.
SC
Scot
1 year ago
Definitely 10 years for the amendments!
SI
Sina
1 year ago
It's 90 days for the SPD distribution.
LI
Lizette
1 year ago
This looks like a tricky question about transaction isolation and locking. I'll need to carefully analyze the given information and think through the possible scenarios.
GO
Golda
1 year ago
Okay, I think I've got this. The first two options seem pretty straightforward - running the RCU and using a managed server. I'll mark those.
KE
Kerry
1 year ago
Hmm, I'm not sure about this one. I'll have to think it through carefully. The options don't seem to match up perfectly with the question.
GA
Gaston
1 year ago
The options seem quite high! If we're estimating synergy, shouldn't we be careful about not overestimating? I feel like $30 million makes sense, but I'm not completely sure.
SU
Suzi
1 year ago
If both are really different, I'm leaning towards A because it discusses utilization review, which I feel is key for managed indemnity!