Who administers the Employee Retirement Income Security Act (ERISA)?

The Employee Retirement Income Security Act (ERISA) is administered by the Department of Labor. This agency is responsible for overseeing and enforcing the provisions of ERISA that protect employee benefits and ensure that plans are operated and managed fairly and transparently.

The Department of Labor handles various aspects such as the reporting and disclosure requirements of employee benefit plans, fiduciary responsibilities, and the rights of participants and beneficiaries. This oversight is crucial in maintaining the integrity and security of retirement and health plans provided by employers.

While the other agencies mentioned, such as the Department of Treasury and the Internal Revenue Service, play roles in regulating aspects related to taxation and financial implications of retirement plans, they do not administer ERISA directly. The Social Security Administration also does not have a role in the administration of ERISA, as its focus is primarily on social security benefits rather than employee retirement plans. Thus, the correct option highlights the specific agency tasked with ensuring that the provisions of ERISA are met.