ERISA stands for which federal act?

• A. Employee Retirement Income Security Act of 1974
• B. Emergency Retirement Income Security Act
• C. Economic Regulation and Security Act
• D. Employment Retirement Income Security Act

Answer: (A)

ERISA is a US federal statute enacted in 1974 to regulate private-sector employee benefit plans, establishing minimum standards for participation, vesting, funding, and fiduciary conduct, as well as plan reporting and participant rights. The acronym expands to Employee Retirement Income Security Act of 1974, which is why this option is the correct one. The other phrasings—Emergency Retirement Income Security Act, Economic Regulation and Security Act, and Employment Retirement Income Security Act—do not correspond to any real statute and do not reflect ERISA’s scope or purpose.