ERISA


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ERISA

abbr.
Employee Retirement Income Security Act

ERISA

(əˈrɪs ə)

n.
Employee Retirement Income Security Act.
References in periodicals archive ?
The high court's opinion centers on logic and the plain language of the ERISA statute, which is sensible, said Paul Secunda, a law professor and director of the labor and employment law program at Marquette University in Milwaukee.
Because audited financials are not required for such plans, in some instances the recordkeeping may escape the same level of review present with ERISA plans.
The drafters of ERISA hoped to save multi-state employers money and aggravation by putting regulation of their benefit plans under federal jurisdiction.
Advisers should not assume that the measures they take to resolve conflicts under the Advisers Act will be effective under ERISA and the IRC.
ERISA regulations already provide a method for employers to assist employees in saving for retirement without sponsoring an ERISA-covered plan.
Independence Blue Cross, the 3rd Circuit expanded the availability of attorney's fee awards for ERISA plan participants and, in so doing, created a conflict with at least one other circuit court.
Although, originally designed to help employees retain their benefits as prescribed by their employers, ERISA law is increasingly favoring employers.
Employers can undergo an ERISA compliance audit by the DOL regardless of business size or number of participants.
Nevertheless, their increased complexity has made it more difficult for plan sponsors and ERISA fiduciaries to understand the methodology and amount of compensation payable to service providers.
The substantive rules created by ERISA are largely enforced through civil litigation--i.
In real life, letting swap dealers advise ERISA plans on swaps could do more harm than good, the American Benefits Council says.