Which government regulation prevents retirement group insurance plans from favoring highly compensated employees?

Anti-money laundering (AML) rules are designed to prevent financial institutions from being used for money laundering activities and do not pertain to retirement plans or employee benefits. While important for financial compliance, they have no direct relevance to the fairness of retirement group insurance plans.

Minimum distribution rules dictate the required minimum amounts that must be withdrawn from certain retirement accounts after reaching a specific age. While these rules are important for tax purposes, they do not influence how retirement group insurance plans are structured regarding employee compensation levels.

Early withdrawal penalties impose financial consequences for withdrawing funds from retirement accounts before a certain age. These penalties serve to encourage long-term savings but do not relate to the equitable distribution of benefits among employees of varying compensation levels.