Question

Employers are required to provide a(n) _____ to employees under the Employee Retirement Income Security Act (ERISA) containing information as to how their benefit plan operates, the benefits under the plan, how to apply for such benefits, and other information.

Answer 1

Summary Plan Description

Step-by-step explanation:

In most cases, private sector health plans are covered by ERISA (Employee Retirement Income Security Act). ERISA is a federal law regulated by the Department of Labor. This law regulates employee retirement and welfare and benefit plans. Employers are required to provide a Summary Plan Description under ERISA which contains the information of how the plan operates, the benefits it includes and other information on an annual basis.