GBA/RPA 3 for CEBS Past Exam QUESTIONS AND ANSWERS 100% score (reupdated 2025) GBA/RPA 3 Tibble v Edison DOL Audit - Correct Answers ✅% of Unacceptable-Major deficiencies that affected overall quality of audit = 40% SPD Initial distribution - Correct Answers ✅Must be distributed within 120 days after plan becomes subject to ERISA disclosure requirements.Skilled nursing facility benefits under M-care Part A - Correct Answers ✅Only if there has been a hospitalization of 3 days Typical costs of an administrative claims audit - Correct Answers ✅Cost for self-funded health plan is typically less than 1% of total annual claims spending What is in an auditor's letter following an audit - Correct Answers ✅Should include Significant difficulties encountered during the audit, and The process management used to develop accounting estimates, including fair market value estimates, and the basis for the auditor's conclusions as to the reasonableness of those estimates.Data collection associated with wellness programs - Correct Answers ✅Confidentially protections: Employees should be 1 / 2
GBA/RPA 3 for CEBS Past Exam QUESTIONS AND ANSWERS 100% score (reupdated 2025) made aware that wellness programs might involve privacy risks.Health reimbursement arrangements (HRAs) - Correct Answers ✅Any amount not used by an employee by the end of the plan year can be carried over to the next plan year at the employer's discretion.Home Health Agency (HHA) care - Correct Answers ✅HHA may be provided in the residence of a home bound beneficiary Payroll taxes and employee benefit plans - Correct Answers ✅EEs and ERs pay the same rate of payroll taxes on wages up to the SS tax wage base. Distributions from a tax- sheltered retirement plan will be subject to income taxes but not to any payroll taxes.FASB ASC Topic 960 Accounting and Reporting standard - Correct Answers ✅The actuarial present value of accumulated plan benefits should be based on employees' earnings and service rendered before the measurement date.ERISA Requirement/Fidelity bond - Correct Answers ✅ERISA requires that A fidelity bond must be purchased to cover every person who handles plan funds
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