Which of the following employers is ERISA-regulated?

Study for the Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

Which of the following employers is ERISA-regulated?

Explanation:
ERISA applies to employee benefit plans that are established or maintained by private-sector employers. Government agencies and church plans are generally exempt from ERISA, and a sole proprietor with no employees wouldn’t have an employer-sponsored plan to regulate. Therefore, a private company with 12 employees is the one whose employee benefit plans would be subject to ERISA.

ERISA applies to employee benefit plans that are established or maintained by private-sector employers. Government agencies and church plans are generally exempt from ERISA, and a sole proprietor with no employees wouldn’t have an employer-sponsored plan to regulate. Therefore, a private company with 12 employees is the one whose employee benefit plans would be subject to ERISA.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy