Badger Enterprises Has One Hundred Employees,engages in Interstate Commerce,and Has

question 32

Multiple Choice

Badger Enterprises has one hundred employees,engages in interstate commerce,and has been in existence since it incorporated in 1979.Badger never had a pension plan for its employees,but decided to adopt one in 2001.Badger has been a very successful company,so the company decided that twenty-five percent of the pension plan assets would be invested into Badger Enterprises stock.The pension plan provides that employees will vest within three years of earning benefits.Based on the above,Badger is in violation of the Employee Retirement Income Security Act:

• A) before adopting its pension plan, but not thereafter.
• B) after adopting its pension plan, but not beforehand.
• C) both before and after the adoption of its pension plan.
• D) neither before nor after adopting its pension plan.
• E) only if it did not obtain the votes of at least fifty percent of its employees approving the placement of pension plan assets into Badger Enterprises stock.

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Description not specific to a recognized scientific concept or term - NO.

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