Which of the following employers is required to follow ERISA regulations?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $24.99Unlock all

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 required to follow ERISA regulations?

Explanation:
ERISA regulates private-sector employee benefit plans, ensuring things like fiduciary duties, plan disclosures, and reporting. Government agencies and church plans are exempt from ERISA, and a sole proprietorship with no employees wouldn’t have an employee benefit plan to regulate. A private local electrical supply company with 12 employees has a benefit plan offered to its employees, so that plan falls under ERISA and must comply with its rules.

ERISA regulates private-sector employee benefit plans, ensuring things like fiduciary duties, plan disclosures, and reporting. Government agencies and church plans are exempt from ERISA, and a sole proprietorship with no employees wouldn’t have an employee benefit plan to regulate. A private local electrical supply company with 12 employees has a benefit plan offered to its employees, so that plan falls under ERISA and must comply with its rules.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy