ERISA focuses much of attention on

Question

Quizplus · Accepted Answer

ERISA (Employee Retirement Income Security Act) is a federal law that sets minimum standards for private sector employers to ensure the protection of employees' retirement benefits. It governs both defined benefit pension programs, where the employer provides a specified level of retirement benefits, as well as defined contribution programs, where the employer contributes a specified amount to the employee's retirement account. Therefore, options A and B are the correct choices. ERISA does not focus on Ponzi schemes or Social Security.

ERISA Focuses Much of Attention on