The main objective of the Employee Retirement Income Security Act of 1974 (ERISA) is to:

Question

Quizplus · Accepted Answer

The main objective of ERISA is to promote the growth of private pension plans and guarantee the expectations of those plans. ERISA sets minimum standards for pension plans, including funding, vesting, and benefit accrual, and provides protections for plan participants and beneficiaries. It does not ensure retirement age, coordinate Social Security benefits, or regulate state and federal employee retirement plans.

The Main Objective of the Employee Retirement Income Security Act