Eligibility And Enrollment Small Market

9 Questions | Total Attempts: 87

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Enrollment Quizzes & Trivia

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Questions and Answers
  • 1. 
    What is the earliest an employee can enroll?
    • A. 

      15 days prior to plan entry date

    • B. 

      30 days prior to plan entry date

    • C. 

      60 days prior to plan entry date

    • D. 

      90 days prior to plan entry date

  • 2. 
    The Plan Entry Date is the date a participant can start contributing
    • A. 

      True

    • B. 

      False

  • 3. 
    An employee moves from a non-excluded class to an excluded class within the same company, they have been participating in the plan and currently have money in the plan.  They are
    • A. 

      Able to continue to participate

    • B. 

      Not allowed to participate going forward and must remove all contributions from the plan

    • C. 

      Able to conintue to participate after meeting the eligibility requirements again

    • D. 

      Not allowed to participate going forward but have to leave their contributions in the account

  • 4. 
    The maximum age requirement for eligibility is
    • A. 

      21

    • B. 

      20

    • C. 

      19

    • D. 

      No maximum age required

  • 5. 
    An employee is hired on October 30th, 2014.  When is his/her Plan Entry Date if the plan has immediate eligibility?
    • A. 

      October 30th 2014

    • B. 

      October 31st 2014

    • C. 

      November 1st 2014

    • D. 

      January 1st 2015

  • 6. 
    An employee is hired on October 30th, 2014.  When is his/her Plan Entry Date if the plan has a 3 month eligibility requirement?
    • A. 

      October 30th 2014

    • B. 

      December 1st 2014

    • C. 

      January 1st 2015

    • D. 

      Febraury 1st 2015

  • 7. 
    An employee is hired on October 30th, 2014.  When is his/her Plan Entry Date if the plan has a 6 month eligibility requirement?
    • A. 

      March 1st 2015

    • B. 

      April 1st 2015

    • C. 

      November 1st 2014

    • D. 

      January 1st 2015

  • 8. 
    An employee is hired on October 30th, 2014.  When is his/her Plan Entry Date if the plan has a 1 year eligibility requirement?
    • A. 

      November 1st 2014

    • B. 

      January 1st 2015

    • C. 

      November 1st 2015

    • D. 

      January 1st 2016

  • 9. 
    The minimum service requirement for a plan would be no minimum service requirement and the maximum service requirements would be 1 year
    • A. 

      True

    • B. 

      False

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