Test Your Knowledge

Instructions: Choose an answer for each question and then click on the "Get Results" button at the end of the quiz.

1. Which federal governing agency is responsible for ensuring that investors receive financial information concerning stocks or bonds being offered for sale?
A. Securities and Exchange Commission
B. Department of Labor
C. Pension Benefit Guaranty Corporation
D. Equal Employment Opportunity Commission

2. How does Title VII of the Civil Rights Act of 1964 influence benefits administration?
A. Employers can never legally base benefits decisions on race, color, sex, national origin or religion.
B. Employers can give lower benefits to older employees if the benefits become more expensive because of age.
C. Employers can distinguish the benefits provided to employees with disabilities based on anticipated experiences.

3. Which of the following health plans is not subject to Section 105(h)?  
A. Dental
B. Healthcare flexible spending accounts
C. Vision
D. AD&D

4. Nondiscrimination requirements apply to which of the following health plans? 
A. Self-insured plans
B. Fully insured plans
C. Partially insured plans
D. Minimum premium plans

5. Which of the following is issued by the DOL in order to clarify views expressed in advisory opinions?
A. Determination letters
B. Interpretive bulletins
C. Private letter rulings
D. IRC briefs

6. Which of the following is most accurate in describing a highly compensated employee?
A. An employee who earned more than the annually indexed compensation limit for HCEs in the preceding year
B. An employee who contributes 25% of base salary to a qualifying DC plan
C. An employee whose base pay falls in the top 30% of all salaries

7. Which of the following laws would typically be referred to for guidance regarding pay for time not worked at work?
A. Family Medical Leave Act (FMLA)
B. Uniformed Services Employment and Reemployment Rights Act (USERRA)
C. Fair Labor Standards Act (FLSA)
D. Consolidated Omnibus Budget Reconciliation Act (COBRA)

8. An employee request for time off is most likely to be covered by statute if the request is for which of the following reasons?
A. To take time to vote
B. To take bereavement leave
C. To take a sabbatical
D. To take personal leave

9. Which of the following best defines cafeteria plans?
A. Plans that allow employees to choose between cash and one or more qualified benefits
B. Plans that allow employees to choose between equity or cash benefits
C. Plans that allow employees to choose from a limited number of benefits packages
D. Plans that allow employees to choose between cash and one or more nonqualified benefits

10. Which of the following benefits are prohibited from inclusion in a Section 125 cafeteria plan?
A. Health plans
B. Group life insurance
C. Long-term care insurance
D. Vision plans