Description: We’ll take a closer look at ERISA at 45, how evolving legal issues affect employers, and what plan sponsors need to know to comply with the law.
Spotlight on Benefits
The Employee Retirement Income Security Act (ERISA) was signed into law by President Ford on Labor Day, September 2, 1974. Created to protect the interests of plan participants, ERISA set standards for the operation of private retirement and health plans. Among other issues, ERISA required plan sponsors to provide information to participants, establish standards of conduct by fund managers, and create enforcement provisions to ensure funds are protected and that qualifying participants receive benefits even
After 45 years and many amendments, ERISA governs the operation of millions of benefits plans covering well over 100 million workers and beneficiaries. In our limited series podcast, ERISA at 45 , we’ll take a closer look at ERISA today, how evolving legal issues affect employers, and what plan sponsors and service providers need to know to effectively comply with the law.