The Employment Retirement Income Security Act was established to ensure what?

The Employment Retirement Income Security Act (ERISA) was primarily established to regulate the retirement plans offered by organizations. This legislation sets standards for pension plans in the private sector, ensuring that employees receive the benefits they are promised upon retirement. ERISA provides guidelines for the establishment, management, and protection of employee retirement funds, including the fiduciary responsibilities of those managing the plans. It mandates transparency, accountability, and fair treatment of employees regarding their retirement benefits.

The focus of ERISA is to safeguard the interests of plan participants and beneficiaries, ensuring they are informed about their rights and the financial status of their retirement plans. It also addresses issues such as plan funding, reporting, and disclosure requirements, which collectively aim to protect employees' retirement savings. Therefore, option B correctly captures the essence and purpose of ERISA in the context of total compensation and employee benefits.