Question

The intent of ERISA (Employee Retirement Income Security Act) is to protect the funds within an employee retirement fund from which of the following? (A) ERISA is designed to protect retirement funds from poor management by investment advisory firms and investment adviser representatives. (B) ERISA is designed to protect retirement funds from fraudulent activity which may take place at an executing broker/dealer's place of business. (C) ERISA is designed to protect retirement funds from poor management by an employer who handles the company retirement policy. (D) ERISA is designed to protect retirement funds from predatory taxation policies of the federal government.

Answer 1

Answer: C

Step-by-step explanation:

ERISA is the acronym for Employee Retirement Income and Security Act established in 1974. It is a federal law guiding tax and labour in the United States so as to regulate the standards set for pensions plans in industries that are not owned by government. This law was setup to protect the benefits of employees working in the private industries.