ERISA stands for which Act?

• A. Environmental Regulation and Social Aid
• B. Emergency Retirement and Insurance Statute
• C. Employee Rights and Security Act
• D. Employee Retirement Income Security Act

Answer: (D)

ERISA stands for Employee Retirement Income Security Act. This federal law governs private-sector employee benefit programs, including pensions, 401(k)s, and many group welfare plans such as group life insurance. It sets minimum standards for how these plans are managed, requiring fiduciaries to act prudently, provide clear disclosures to participants, establish vesting and funding rules, and protect participants’ benefits. The other option names aren’t actual statutes related to employee benefits, so they don’t fit.