True or False: A benefit plan cannot have more than one benefit group.

True or False: A benefit plan cannot have more than one benefit group.

• A. True
• B. False
• C. Depends on the plan
• D. Only in some cases

Answer: (B)

A benefit plan can indeed have more than one benefit group, making the statement false. In Workday's system, benefit groups are often established to segment different populations of employees based on various criteria such as job classification, location, or eligibility requirements. Having multiple benefit groups allows organizations to tailor their benefits offerings to meet the diverse needs of their workforce. This flexibility ensures that different employee segments can receive the most appropriate benefits relevant to their situations, which enhances employee satisfaction and retention. The structure of having multiple benefit groups within a single benefit plan is essential for effectively managing employee benefits across various categories, addressing the distinct needs of employees while maintaining compliance with legal and regulatory standards pertaining to benefits administration.

A benefit plan can indeed have more than one benefit group, making the statement false. In Workday's system, benefit groups are often established to segment different populations of employees based on various criteria such as job classification, location, or eligibility requirements. Having multiple benefit groups allows organizations to tailor their benefits offerings to meet the diverse needs of their workforce. This flexibility ensures that different employee segments can receive the most appropriate benefits relevant to their situations, which enhances employee satisfaction and retention.

The structure of having multiple benefit groups within a single benefit plan is essential for effectively managing employee benefits across various categories, addressing the distinct needs of employees while maintaining compliance with legal and regulatory standards pertaining to benefits administration.