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.

Question

Quizplus · Accepted Answer

ERISA does not mandate that an employer must establish a pension plan, but if they do establish one, ERISA provides a framework for the plan's administration and operation. Therefore, option D is the correct answer as it is not a provision of ERISA.

Which of the Following Statements Is Not a Provision of ERISA