Which of the Following Statements Is Not a Provision of ERISA

question 73

Multiple Choice

Which of the following statements is not a provision of ERISA?

• A) ERISA applies to pension and welfare plans established by any employer engaged in commerce.
• B) ERISA establishes minimum vesting schedules that protect the workers' benefits.
• C) ERISA provides that all employees are eligible to set up their own individual retirement accounts.
• D) ERISA requires each employer to establish a pension plan.
• E) All of the above are provisions of ERISA.

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Definitions:

Standard Normal Distribution

A standard normal distribution characterized by a mean of 0 and a standard deviation of 1.

Values of Z

Refers to the scores derived from a standard normal distribution used in statistical analysis to determine probabilities.

Mean

The average value of a set of numbers, calculated by dividing the sum of all values by the number of values.

Normal Distribution

An equal-probability distribution around the mean, which shows that instances near the mean happen more frequently than instances far from the mean.