Which of the Following Types of Plans Would Be Subject

question 4

Multiple Choice

Which of the following types of plans would be subject to ERISA?

• A)A plan maintained to comply with disability laws.
• B)A health plan for government employees.
• C)A health plan for church employees.
• D)A pension plan for a public corporation.
• E)A plan maintained to comply with workers' compensation laws.

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Definitions:

Social Security Benefits

Government-provided financial support to eligible individuals, including retirees, disabled workers, and their families, funded through payroll taxes.

Information Asymmetry

A situation where one party in a transaction has more or superior information compared to another.

Technological Progress

The advancement of technology, leading to improved methods, products, or processes that enhance productivity and efficiency.

Rising Wages

An economic condition where the average wage level in an economy increases over time, potentially affecting inflation and purchasing power.