Question: Chapter 8 - Question 9 : Help me to explain this. Thank you Which of the following statements concerning an employers responsibilities associated with a

Chapter 8 - Question 9 :

Help me to explain this. Thank you

Which of the following statements concerning an employers responsibilities associated with a qualified retirement plan is (are) correct?

(1) Summary Plan Descriptions must be given to participants within 90 days of eligibility. (2) The employer has a fiduciary responsibility to the participants.

A. (1) only B. (2) only C. Both (1) and (2) D. Neither (1) nor (2)

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