Describe the basic characteristics of cafeteria plans in an employee benefits program.
Answer to relevant QuestionsExplain the typical eligibility requirements that employees must meet in group insurance plans.An employer must select a funding agency and a funding instrument when a pension plan is established.a. What is a funding agency?b. Briefly describe each of the following funding instruments:1. Trust-fund plan2. Guaranteed ...a. Describe the basic characteristics of a Section 401(k) plan.b. What is a Roth 401(k) plan?c. Describe the basic characteristics of a Section 403(b) plan (also called a tax-sheltered annuity).The OASDI program pays disability benefits to a disabled worker and eligible family members. Explain whether each of the following persons would be eligible for disability-income benefits. In each case, assume that the ...Explain the basic objectives of state unemployment compensation programs.
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