EMPLOYER FAQs What is ERISA?
ERISA, the Employee Retirement Income Security Act of 1974, sets forth rules for most group retirement and health benefit plans offered by private employers. ERISA addresses, among other things, the information and documents that plans must provide to their participants, the obligations of plan fiduciaries and administrators, penalties for violating fiduciary obligations, and the rights of participants to sue for benefits and other relief. ERISA also guarantees payment of benefits for certain defined benefit plans through the Pension Benefit Guaranty Corporation.
