MENU
You are leading a brief presentation for your company about the ERISA program your company participates in. What is ERISA used for?
Suggested Answer: A
Get Premium PHR Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
ERISA is the Employee Retirement Income Security Act established in 1974. It protects the interests of those who participate in employee benefit plans. The plan established minimum participation and vesting standards for retirement plans.
Answer options B, D, and C are incorrect. These are not good definitions of the Employee Retirement Income Security Act.
11 comments · newest first
AN
Annalee
11 months ago
I had no idea ERISA covered so much!
JI
Jillian
12 months ago
It's mainly for employee benefit plans, not just compensation.
DO
Dorcas
12 months ago
Wait, I thought it was just for profit-sharing plans?
GE
Georgiann
12 months ago
Totally agree, it's crucial for workers' rights!
LE
Leila
1 year ago
ERISA is all about protecting employee benefits.
GR
Graciela
1 year ago
I thought ERISA was about regulating how companies manage their employee benefits, but I’m a bit confused about the specifics of profit-sharing plans mentioned in the options.
CH
Chaya
1 year ago
I practiced a question similar to this, and I feel like ERISA is definitely focused on protecting participants, but I can't recall if it covers compensation plans specifically.
KA
Katheryn
1 year ago
I think it has something to do with ensuring that employees get what they're promised in their benefit plans. That sounds like option A, right?
ME
Mee
1 year ago
I remember ERISA is mainly about protecting employee benefits, but I'm not sure if it's just for retirement plans or other benefits too.
CA
Carolann
1 year ago
Okay, the key here is to eliminate waste by minimizing unusual decisions and actions. I'm pretty confident Standardizing is the right answer.
TA
Tamera
1 year ago
The question is a bit tricky, but I feel confident that the TOGAF framework has the right tools to handle this situation. I'd recommend option D - using a risk management framework during Implementation Governance to verify the risks and share the residual level with stakeholders.