Which of the following is a drawback of Employee Retirement Income Security Act of 1974?
A)Lower-level employees did not get protection under the act.
B)The act failed to address portability issues when employees changed jobs.
C)The act and its amendments did not cover fiduciary responsibilities.
D)The act is believed to cause discrimination amongst employees of an organization.
E)Reporting and disclosure rules were not given importance in the act.

Question

Quizplus · Accepted Answer

The Employee Retirement Income Security Act of 1974 (ERISA) failed to address portability issues for employees when they changed jobs, which is a significant drawback because it affects the ability of employees to maintain their retirement savings and benefits consistently across different employers.

Which of the Following Is a Drawback of Employee Retirement