Employee retirement income security act

Reference no: EM13317980

Badger Enterprises has 100 employees, engages in interstate commerce, and has been in existence since it incorporated in 1979. Badger never had a pension plan for its employees, but decided to adopt one for the year beginning in 2001. Badger has been a very successful company, so the company decided that 25 percent of the pension plan assets would be put into stock of Badger Enterprises. The pension plan provides that employees will vest within three years of earning benefits. Badger is in violation of the Employee Retirement Income Security Act:

A) Before adopting its pension plan, but not thereafter.

B) After adopting its pension plan, but not beforehand.

C) Both before and after the adoption of the pension plan.

D) Neither before nor after adopting the pension plan.

Reference no: EM13317980

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