Defined benefit pension plans are normally subject to requirements of the Employee Retirement Income Security Act (ERISA) of 1974, which usually requires a separate audit of the pension plan.

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ERISA generally requires defined benefit pension plans to meet certain standards, including funding, participation, vesting, and fiduciary responsibilities, and often necessitates a separate audit to ensure compliance with these regulations.

Defined Benefit Pension Plans Are Normally Subject to Requirements of the Employee