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:

Partnership's Liabilities

The financial obligations or debts that a partnership entity is responsible for.

RULPA

An acronym for the Revised Uniform Limited Partnership Act, which governs the operation of limited partnerships in the United States.

Dissolution

The process of legally dissolving a corporation or formal organization, leading to the cessation of its operations and the distribution of its assets.

Liquidated

The process of converting assets into cash, often during the closure of a business, or to settle debts.