Glossary: Employee Retirement Income Security Act

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Employee Retirement Income Security Act



Employee Retirement Income Security Act or ERISA - ERISA is the set of extremely complicated Federal laws (U.S. Code Title 29, Chapter 18, associated Internal Revenue Code and miscellaneous provisions) adopted in 1974 that govern private pension plan administration and investment practices including regulations relating to plan funding, participation, vesting, termination, disclosure, federal tax treatment and fiduciary responsibility of plan administrators.


Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
 


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