HRCI Exam PHR Topic 4 Question 18 Discussion

Actual exam question for HRCI's PHR exam

Question #: 18
Topic #: 4

You are leading a brief presentation for your company about the ERISA program your company participates in. What is ERISA used for?

AIt protects the interests of those who participate in employee benefit plans

BIt protects the workers of employee compensation plans

CIt protects private organizations that have profit sharing plans for employee compensation

DIt allows private organizations to create investments for workers in profit-sharing plans

Show Suggested Answer

Suggested Answer: A

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.

by Amber at May 09, 2022, 04:25 AM

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