True or False? You can edit a benefit plan to change the provider, but this should only be done in coordination with the end of your plan year.

The statement is false because, in Workday, changing the provider of a benefit plan can be a significant modification that typically requires careful consideration and coordination, particularly around key events like the end of the plan year. While it is indeed possible to make changes to benefit plans, these adjustments are not limited strictly to the end of the plan year. Organizations often have flexibility in managing their benefit offerings, and modifications can occur at different times based on business needs, regulatory changes, or strategic decisions, not just at the conclusion of a plan year.

Understanding the intricacies involved in changing a benefit plan's provider is important, including potential impacts on employee enrollment, communication with vendors, and compliance with regulations. Therefore, the concept of restricting changes solely to the end of a plan year does not encompass the full range of possibilities regarding benefit plan management in Workday.