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:

Plans Change

The concept that strategic and operational plans may need to be adjusted or revised based on new information, market dynamics, or unexpected events.

Transportation Strategy

The plan and execution for moving goods from one location to another efficiently, often considering factors such as cost, speed, and environmental impact.

Competitive Strategy

A business plan that companies use to achieve a competitive advantage, typically by defining how they will compete against rivals in areas such as price, quality, and innovation.

Cost Minimization

The process of reducing expenses to the lowest possible level while still achieving the desired level of production or activity.