Pensions

Question 1

Employee Retirement Income Security Act of 1974 (ERISA)

Answer 1

does not require an employer to establish a pension plan

Question 2

If an employer does create a plan what standards must it meet?

Answer 2

employer can not delay employee participation in pension plan

Question 3

If a plan is established

Answer 3

employee contribution to the plan vest immediately

Question 4

Standards on investment of funds

Answer 4

are set up to avoid mismanagement