Plan effective date: 1/1/1990 Consider the following statement: The plan administrator must provide each participant with a copy of the summary plan description no later than 90 days after an employee becomes a participant in the plan. Is the above statement true or false?

Question

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Under ERISA (Employee Retirement Income Security Act of 1974), plan administrators are required to provide a summary plan description (SPD) to participants no later than 90 days after the employee becomes covered by the plan.

Plan Effective Date: 1/1/1990 Consider the Following Statement: the Plan