Devry HRM599 final exam
Page 1
Question 1. 1. (TCO
A) Many employees feel as though they are entitled to both legally mandated and
discretionary benefits. How would you break down the origins of employee
benefits in the United States to an employee with this type of attitude?
(Points : 30)

Question 2. 2. (TCO
B) Briefly outline the key provisions of the Pension Protection Act of 2006.
(Points : 30)

Question 3. 3. (TCO
C) Your organization’s CEO is considering implementing a life insurance policy
for employees and needs your advice. Briefly discuss the two types of life
insurance policies offered in the United States and the major differences
between the two. Make a recommendation for your CEO as to which plan would be
best for your organization and why. (Points : 30)

Question 4. 4. (TCO
D) Your company’s CEO is interested in implementing a new dental plan for
employees and has asked you to do some research. The CEO wants you to report
back to him in 3 weeks with the following information: What are the three main
types of dental care plans? Discuss each plan and make a recommendation for
your company. (Points : 30)

Question 5. 5. (TCO
E) Your organization is considering offering a flexible benefit plan but has
been advised that it could create a higher risk for adverse selection. Discuss
the issue of adverse selection, and provide an example of how it occurs.
Discuss three approaches you might use to reduce the risk of adverse selection
in a cafeteria plan. (Points : 30)

Question 6. 6. (TCO
F) You have recently been hired as an employee benefit consultant and have been
asked to recommend the establishment of either a defined contribution or a
defined benefit plan. Given the following employer objectives, which type of
plan would you recommend? Specify the type of retirement plan you would
recommend. Explain how your recommendation would handle the employer’s
objectives.
Employer objectives
include
majority of
employees are young;
would like to
encourage long potential service;
concerned about
providing retirement income, capital accumulation, and/or estate benefits; and
concerned about
limiting their funding costs and administrative expenses.

(Points : 30)
Question 7. 7. (TCO
G) Legally, employers must provide some disclosure information regarding their
benefits plan as spelled out by ERISA. One of those requirements includes a
summary plan description, or SPD. What is an SPD? Briefly discuss the
information that SPDs must provide. (Points : 30)

Question 8. 8. (TCO
H) Family assistance programs help employees with caring for loved ones, both
young and old. Briefly describe the three types of family assistance programs
and their benefits. (Points : 30)
Devry HRM599 final examPage 1Question 1. 1. (TCO
A) Many employees feel as though they are entitled to both legally mandated and
discretionary benefits. How would you break down the origins of employee
benefits in the United States to an employee with this type of attitude?
(Points : 30)Question 2. 2. (TCO
B) Briefly outline the key provisions of the Pension Protection Act of 2006.
(Points : 30)Question 3. 3. (TCO
C) Your organization’s CEO is considering implementing a life insurance policy
for employees and needs your advice. Briefly discuss the two types of life
insurance policies offered in the United States and the major differences
between the two. Make a recommendation for your CEO as to which plan would be
best for your organization and why. (Points : 30)Question 4. 4. (TCO
D) Your company’s CEO is interested in implementing a new dental plan for
employees and has asked you to do some research. The CEO wants you to report
back to him in 3 weeks with the following information: What are the three main
types of dental care plans? Discuss each plan and make a recommendation for
your company. (Points : 30)Question 5. 5. (TCO
E) Your organization is considering offering a flexible benefit plan but has
been advised that it could create a higher risk for adverse selection. Discuss
the issue of adverse selection, and provide an example of how it occurs.
Discuss three approaches you might use to reduce the risk of adverse selection
in a cafeteria plan. (Points : 30)Question 6. 6. (TCO
F) You have recently been hired as an employee benefit consultant and have been
asked to recommend the establishment of either a defined contribution or a
defined benefit plan. Given the following employer objectives, which type of
plan would you recommend? Specify the type of retirement plan you would
recommend. Explain how your recommendation would handle the employer’s
objectives.Employer objectives
includemajority of
employees are young;would like to
encourage long potential service;concerned about
providing retirement income, capital accumulation, and/or estate benefits; andconcerned about
limiting their funding costs and administrative expenses.(Points : 30)Question 7. 7. (TCO
G) Legally, employers must provide some disclosure information regarding their
benefits plan as spelled out by ERISA. One of those requirements includes a
summary plan description, or SPD. What is an SPD? Briefly discuss the
information that SPDs must provide. (Points : 30)Question 8. 8. (TCO
H) Family assistance programs help employees with caring for loved ones, both
young and old. Briefly describe the three types of family assistance programs
and their benefits. (Points : 30)