Ace the Certified Payroll Pro Test 2025 – Payroll Masters, Your Time to Shine!

Question: 1 / 400

Which organization is responsible for overseeing the enforcement of ERISA standards?

The Internal Revenue Service (IRS)

The U.S. Department of Labor (DOL)

The U.S. Department of Labor (DOL) is the organization that oversees the enforcement of the Employee Retirement Income Security Act (ERISA) standards. ERISA is a federal law that sets minimum standards for retirement and health benefit plans in private industry, with the primary purpose of protecting the interests of employee benefit plan participants and their beneficiaries. The DOL is responsible for enforcing the provisions of ERISA, ensuring that employers and plan administrators comply with the law and that employees receive the benefits they are promised.

In addition to the DOL, there are other agencies involved in different aspects related to employee benefits. For instance, the Internal Revenue Service (IRS) plays a role in the taxation aspects of retirement plans and ensures that plans qualify for tax benefits under ERISA. The Social Security Administration (SSA) administers social security programs rather than overseeing ERISA, and the Federal Bureau of Investigation (FBI) focuses on law enforcement and criminal matters, not on employee retirement or benefit standards. The distinct responsibility of the DOL clarifies its role as the enforcer of ERISA standards.

Get further explanation with Examzify DeepDiveBeta

The Social Security Administration (SSA)

The Federal Bureau of Investigation (FBI)

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy