Question

Which of the following activities is typically associated with the operations of an employee benefit plan administrator?

a. Acting as stock registrar
b. Administering participant loan programs
c. Functioning as paying agent
d. Acting as transfer agent

Answer 1

Administering participant loan programs is typically associated with the operations of an employee benefit plan administrator.

Step-by-step explanation:

Of the given options, administering participant loan programs is typically associated with the operations of an employee benefit plan administrator. An employee benefit plan administrator is responsible for managing various aspects of employee benefit plans, including loans offered to plan participants.

Administering participant loan programs involves handling loan applications, conducting credit checks, approving loan amounts, and facilitating loan repayments. The administrator ensures compliance with plan rules and government regulations, maintains loan records, and provides necessary support and guidance to participants.