According to Florida law, are retirement plans regulated?

Retirement plans in Florida, as in other states, are largely governed by federal law rather than state law. The Employee Retirement Income Security Act (ERISA) sets the standards for private-sector retirement plans, which means those plans are regulated under a set of federal guidelines that aim to protect the interests of participants. Since federal law preempts state regulations in many areas, this is why the correct answer states that retirement plans are not regulated by state law.

Consequently, while certain aspects of retirement plans can be subject to state laws, the overall structure and compliance are managed at the federal level. This understanding is crucial for recognizing the distinction between the roles of state and federal regulatory agencies in the oversight of retirement plans.