Portfolio Management Techniques (PMT)

Which of the following statements is true regarding The Employee Retirement Income Security Act, or ERISA? I. It regulates the creation and administration of retirement plans and corporate pensions and sets standards that must be maintained for both types of plans II. ERISA was enacted to protect the rights of individual investor III. Trustees are then appointed and assume fiduciary duty in the administration of the plan IV. ERISA provides tax incentives for companies to spend money for retirement