Part 1: Unitech industries offers comparatively low compensation but many unique benefits to its employees. Which approach is the best way to communicate this information?A. Conduct compensation and benefits training sessions with employeesB. Schedule an annual compensation and benefits fair for employeesC. Send monthly memos highlighting the compensation and benefits plansD. Create a total rewards dashboard summarizing the value of all benefits offered to employeesE. Publish reports describing competitor compensation and benefits plansPart 2: An employee survey at a company indicates that many employees are unhappy with the retirement plan. They would prefer one that would result in employees being paid a fixed amount of money each month. What type of plan would better match the employees' preferences?A. 401k planB. 403b planC. Individual retirement arrangementsD. Thrift savings planE. Defined benefits planPart 3: Your organization offers employees an ERISA-covered retirement plan. You're adding newly eligible employees to the portal and notice that one employee is married but wants to name their mother as their beneficiary. What would you do next?A. advise the employee that they need written consent from their spouseB. Tell the employee they must designate their spouse as the beneficiaryC. Ask them why they didn't name their spouse as the beneficiaryD. Nothing; the employee can designate whomever they would like to be the beneficiaryE. Nothing; the change will be automatically rejected as spouses are automatic beneficiaries

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cococat1974 cococat1974

12-12-2022
Business

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Part 1: Unitech industries offers comparatively low compensation but many unique benefits to its employees. Which approach is the best way to communicate this information?A. Conduct compensation and benefits training sessions with employeesB. Schedule an annual compensation and benefits fair for employeesC. Send monthly memos highlighting the compensation and benefits plansD. Create a total rewards dashboard summarizing the value of all benefits offered to employeesE. Publish reports describing competitor compensation and benefits plansPart 2: An employee survey at a company indicates that many employees are unhappy with the retirement plan. They would prefer one that would result in employees being paid a fixed amount of money each month. What type of plan would better match the employees' preferences?A. 401k planB. 403b planC. Individual retirement arrangementsD. Thrift savings planE. Defined benefits planPart 3: Your organization offers employees an ERISA-covered retirement plan. You're adding newly eligible employees to the portal and notice that one employee is married but wants to name their mother as their beneficiary. What would you do next?A. advise the employee that they need written consent from their spouseB. Tell the employee they must designate their spouse as the beneficiaryC. Ask them why they didn't name their spouse as the beneficiaryD. Nothing; the employee can designate whomever they would like to be the beneficiaryE. Nothing; the change will be automatically rejected as spouses are automatic beneficiaries

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1) The way approach to communicating Unitech compensation and benefits information is D. Create a total rewards dashboard summarizing the value of all benefits offered to employees

2) The type of retirement plan that would better match the employees' preferences for a fixed monthly payment is E. Defined benefits plan.

3) Under an ERISA-covered retirement plan, if an eligible employee designates their mother as their beneficiary, my advice is D. Nothing; the employee can designate whomever they would like to be the beneficiary

Who is a beneficiary under an ERISA retirement plan?

The beneficiary of an ERISA retirement plan can be a person, an estate, a trust, a charity, or another entity.

ERISA means Employee Retirement Income Security Act of the federal government.

The eligible employee has the right to name any person as a beneficiary.

If the employee is married before the registration, the spouse is automatically entitled to receive 50% of the benefits, despite the named beneficiary.

Learn more about ERISA retirement plans at https://brainly.com/question/13678399

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