What is ERISA and why is it relevant to employer-sponsored health plans?

• A. It sets standards for private-sector employee benefit plans, including fiduciary responsibilities and reporting requirements.
• B. It regulates all health plans at the federal level and prohibits fiduciaries from handling plan funds.
• C. It applies only to government employee plans.
• D. It guarantees universal health coverage through private employers.

Answer: (A)