The Employee Retirement Income Security Act (ERISA)

The Employee Retirement Income Security Act (ERISA) is a federal law that sets standards for private sector employee benefit plans, including retirement and health benefits. It ensures that employees receive the benefits promised by their employers, protects against fraud and mismanagement of plan funds, and requires plans to provide clear information to participants. ERISA also establishes a framework for resolving disputes and offers certain protections to help beneficiaries secure their benefits. Overall, it helps ensure financial security for workers during retirement and supports the integrity of employee benefit plans.