What You Need To Know About ERISA

ERISA stands for The Employee Retirement Income Security Act and was established in 1974 to protect employee benefit plans from losses due to acts of fraud or dishonesty.  It was designed to lay out and protect a set of minimum standards for pension plans in private industry.  ERISA is sometimes used to refer to the full body of laws that regulate employee benefit plans.  These extensive rules govern and manage the federal income tax effects of any transactions associated with employee benefit plans.  ERISA was enacted to protect the interests of employee