Cebs gba prep - Study guides, Class notes & Summaries

Section 209 of ERISA requires plan administrators to retain records related to the determination of each employee's benefit for what could turn out to be decades. List the kinds of Basic Plan Information needed to document the benefits due and/or paid to employees (Mod 6.3) - • Properly executed plan documents, amendments and/or restatements, including company resolutions adopting each. Any draft copies maintained on file should be clearly labeled as such, and pertinent notes regarding ...

The Dept of Labor (DOL) regulations list additional types of payroll practices as not being ERISA plans. These include plans where compensation is paid to an EE: a) While absent on holiday/vacation b) While absent on active military duty c) While absent for jury duty/witness d) On account of periods of time during which the EE performs little or no work while in training e) EE is relieved of duties while on sabbatical leave or while pursuing further education.