Which of the Following Statements Is True with Regards to the Employee

Which of the following statements is true with regards to the Employee Retirement Income Security Act (ERISA) ?

A) ERISA requires all employers to establish pension plans for their employees.
B) ERISA subjects employers with pension plans to record-keeping, disclosure, fiduciary duty, and other requirements.
C) ERISA was never designed to prevent fraud and other abuses associated with private pension funds.
D) Federal, state, and local government pension funds are covered by ERISA.