What record contains all information about all benefit plans in your system?

What record contains all information about all benefit plans in your system?

• A. Record
• B. Master File
• C. Item
• D. File

Answer: (B)

The main idea here is master data management: a master file serves as the central, authoritative store for core reference data used across the system. For benefit plans, this means the master file holds all information about every plan—plan IDs, names, features, eligibility rules, rates, and how the plan interacts with enrollment, payroll, and other processes. Because it’s the single source of truth, every module or process pulls plan details from this one place, keeping data consistent and up to date. A single record would only describe one plan, not all plans in the system. A file is simply a collection of records, which could lead to fragmentation or duplication of plan data if there isn’t a single authoritative source. An item is a single data field, not the whole collection. So the term that best captures having all information about all benefit plans in one place is the master file.

The main idea here is master data management: a master file serves as the central, authoritative store for core reference data used across the system. For benefit plans, this means the master file holds all information about every plan—plan IDs, names, features, eligibility rules, rates, and how the plan interacts with enrollment, payroll, and other processes. Because it’s the single source of truth, every module or process pulls plan details from this one place, keeping data consistent and up to date.

A single record would only describe one plan, not all plans in the system. A file is simply a collection of records, which could lead to fragmentation or duplication of plan data if there isn’t a single authoritative source. An item is a single data field, not the whole collection. So the term that best captures having all information about all benefit plans in one place is the master file.