Online Access Free 1Z0-1053 Exam Questions

Which is NOT a derived factor type?

• A.Hours Worked
• B.Full-Time Equivalent
• C.Compensation
• D.Grade

Which two statements are true about Enrollment Authorizations?

• A.They are optional to implement. If implemented, performing the authorization task is optional for the participant.
• B.They appear several times if the participant enters self-service multiple times for a single life event.
• C.They appear only the first time that the participant enters self-service enrollment for multiple life events.
• D.They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.
• E.If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.

An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of
100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?

• A.This requirement can be completely achieved with configuration only.
• B.This requirement can be achieved through customization only.
• C.This requirement cannot be achieved with configurations, and would require custom Fast Formula.
• D.This requirement cannot be achieved in the current system offerings.

An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?

• A.January 22, 2017
• B.December 28, 2016
• C.January 15, 2017
• D.January 31, 2017

A benefits administrator can see these statuses of life events-
1. New Hire processed on 28-Apr-2016.
2. Marriage detected on 1-Jun-2016.
What do these statuses imply?

• A.New Hire l-E is complete and closed. Marriage IE is triggered but has not yet made elections.
• B.New Hire LE is complete but not closed. Marriage LE is triggered but has not yet made elections.
• C.New Hire LE is complete and closed. Marriage LE is triggered because of the data change.
• D.New Hire IF is complete and closed. Marriage LE is triggered and has made elections.