What does ERISA stand for?

What does ERISA stand for?

• A. Employee Retirement Income Security Act 1974
• B. Employee Retirement Insurance Security Act 1974
• C. Employment Retirement Income Security Act 1974
• D. Employee Benefit Security Act 1974

Answer: (A)

ERISA stands for Employee Retirement Income Security Act of 1974. This federal law creates minimum standards for private-sector employee benefit plans, outlining fiduciary duties, reporting and disclosure requirements, and protections for participants and beneficiaries. The other options mix up key words—such as using Insurance instead of Security, Employment instead of Employee, or Benefit instead of Retirement Income—so they don't reflect the official title.

ERISA stands for Employee Retirement Income Security Act of 1974. This federal law creates minimum standards for private-sector employee benefit plans, outlining fiduciary duties, reporting and disclosure requirements, and protections for participants and beneficiaries. The other options mix up key words—such as using Insurance instead of Security, Employment instead of Employee, or Benefit instead of Retirement Income—so they don't reflect the official title.