What obligations do employers have under ERISA?

Employers have specific obligations under the Employee Retirement Income Security Act (ERISA) which primarily include the responsibility to provide information about employee benefit plans, ensuring that these plans comply with designated fiduciary standards. This means that employers must supply plan participants with written disclosures about the benefits offered, including details such as eligibility, funding, and plan rights. Additionally, under ERISA, employers are required to act in the best interests of plan participants, adhering to fiduciary duties which involve managing the plans prudently and diversifying investments to minimize the risk of large losses.

The other options do not align with the requirements set by ERISA. Providing health insurance for all employees, creating workplace safety training programs, or guaranteeing permanent employment are not mandated by ERISA. Instead, the act focuses on ensuring that employee benefit plans are managed responsibly and that participants receive necessary information regarding their benefits.