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HRCI SPHR Exam - Topic 4 Question 94 Discussion

Your organization offers an employees' retirement benefit program that is covered by the Employee Retirement Income Security Act of 1974. The administrative responsibility for enforcement of the Employee Retirement Income Security Act of 1974 is divided among three government agencies. Which one of the following is not a government agency that helps to enforce ERISA?
D) FDIC
A) IRS
B) Department of Labor
C) Pension Benefit Guaranty Corporation

HRCI SPHR Exam - Topic 4 Question 94 Discussion

Actual exam question for HRCI's SPHR exam
Question #: 94
Topic #: 4
[All SPHR Questions]

Your organization offers an employees' retirement benefit program that is covered by the Employee Retirement Income Security Act of 1974. The administrative responsibility for enforcement of the Employee Retirement Income Security Act of 1974 is divided among three government agencies. Which one of the following is not a government agency that helps to enforce ERISA?

Show Suggested Answer Hide Answer
Suggested Answer: D

Answer option D is correct.

Chapter: Risk Management

Objective: Risk Assessment


by Vivienne at Oct 18, 2024, 06:51 AM

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Justine
7 months ago
Wait, are you sure about the PBGC? I thought they only handle pensions.
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Jill
8 months ago
Yup, FDIC is all about banking, not retirement plans.
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Hildred
8 months ago
I thought the FDIC was involved in retirement too?
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Abel
8 months ago
Definitely not the FDIC!
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Lang
8 months ago
The IRS, Department of Labor, and PBGC enforce ERISA.
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Ashton
9 months ago
I have a vague memory of the agencies, but I’m confused about the FDIC. I thought it was related to insurance, not retirement plans.
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Craig
9 months ago
I practiced a similar question before the exam, and I think the FDIC is primarily focused on banking, so it makes sense that it wouldn't enforce ERISA.
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Paulina
9 months ago
I feel like we covered this in class. The IRS, Department of Labor, and PBGC are definitely involved, but I can't recall if the FDIC has any role in ERISA.
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Leslie
9 months ago
I remember studying ERISA and the agencies involved, but I'm not entirely sure which one doesn't enforce it. I think the FDIC might be the odd one out?
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Cristy
9 months ago
I'm not too familiar with ERISA, so I'll have to guess on this one. The FDIC seems like the odd one out, so I'll go with that.
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Leonora
9 months ago
Okay, I've got this. The Department of Labor, IRS, and Pension Benefit Guaranty Corporation all play a role in ERISA enforcement. The FDIC is not one of the agencies, so that's my answer.
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Staci
9 months ago
Hmm, I know ERISA is about employee retirement plans, but I'm a little fuzzy on the specific agencies responsible for enforcement. I'll have to think this through carefully.
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Delbert
9 months ago
This seems like a straightforward question about ERISA enforcement. I'll review the key government agencies involved and eliminate the one that doesn't fit.
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Katina
1 year ago
The FDIC? I bet they're just trying to get in on the action, you know, like a retirement plan bouncer or something. Sorry, but D is the winner here.
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Vallie
1 year ago
The FDIC? I guess they're trying to expand their portfolio - from banking to retirement planning. Good luck with that one, guys.
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Johnna
1 year ago
The FDIC? What, are they going to guarantee my retirement plan if it goes bust? I don't think so. D is the right answer, no doubt about it.
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Claudio
1 year ago
D) FDIC
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Merilyn
1 year ago
I agree, the FDIC doesn't have a role in enforcing ERISA.
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Adolph
1 year ago
D) FDIC
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Esteban
1 year ago
C) Pension Benefit Guaranty Corporation
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Dannie
1 year ago
B) Department of Labor
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Yvonne
1 year ago
A) IRS
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Mignon
1 year ago
The FDIC? That's like asking a plumber to fix your computer. They're completely different agencies. D is the obvious choice here.
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Katlyn
1 year ago
D) FDIC
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Nicolette
1 year ago
C) Pension Benefit Guaranty Corporation
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Adelle
1 year ago
B) Department of Labor
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Lisandra
1 year ago
A) IRS
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Kristel
1 year ago
The FDIC? Really? I mean, they're great at insuring deposits, but ERISA? That's a stretch. I'm going with D on this one.
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Tyisha
1 year ago
Yeah, I'm pretty sure the FDIC is not involved in enforcing ERISA. Department of Labor makes more sense.
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Natalie
1 year ago
I think the Department of Labor is the one responsible for enforcing ERISA.
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Antonio
1 year ago
I agree, the FDIC seems like an odd choice for enforcing ERISA.
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Shelba
1 year ago
Hmm, the FDIC? That's a bank regulator, not an ERISA enforcer. I'm pretty sure it's not involved in ERISA at all.
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Emilio
1 year ago
I'm not sure, but I think D) FDIC makes sense because it's not related to retirement benefits.
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Yan
1 year ago
I agree with Virgina, FDIC is not one of the agencies that enforce ERISA.
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Virgina
1 year ago
I think the answer is D) FDIC.
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