The law that protects whistleblowers and also requires notice requirement for plan administrators of ERISA-covered plans is?

The law that protects whistleblowers and also requires notice requirement for plan administrators of ERISA-covered plans is?
A . ERISA
B . Dodd-Frank Act
C . Sarbanes- Oxley Act
D . Pension Protection Act

View Answer

Answer: C

Explanation:

The Sarbanes-Oxley Act (SOX) requires that plan administrators of ERISA-covered plans provide affected participants and beneficiaries with at least 30 days’ written notice before any black-out period with respect to an individual account plan. SOX also protects whistleblowers, i.e. employees who report fraudulent activities and violations of Securities Exchange Commission rules that can harm investors in publicly traded companies. Whistleblowers can file a complaint with OSHA within 180 days if they believe that their employer has retaliated against them for exercising their rights under SOX.