What does the Tax Equity and Fiscal Responsibility Act of 1982 primarily address?

The Tax Equity and Fiscal Responsibility Act of 1982 primarily addresses restrictions on top-heavy retirement plans. This legislation was significant in setting criteria that define a top-heavy plan, which is one where the benefits are disproportionately allocated to key employees. The Act aimed to ensure that such plans would provide minimum benefits or contributions to non-key employees to promote fairness in retirement savings opportunities among all employees.

This focus on top-heavy plans is crucial because it seeks to prevent discrimination in favor of higher-paid employees, thus addressing concerns about equity in retirement benefits. The regulations put forth by this Act create a framework that helps protect employees with lower wages and ensures they receive a fair share of retirement benefits.

The other options, while relevant to the broader context of retirement planning and employee benefits, do not capture the primary intent of this specific legislation as accurately as the focus on top-heavy plans does.