ERISA
E34500
ERISA is a U.S. federal law that sets minimum standards and protections for most voluntarily established retirement and health benefit plans in private industry.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Title I – Protection of Employee Benefit Rights | 1 |
Statements (59)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
ⓘ
employee benefits law ⓘ |
| administeredBy |
Employee Benefits Security Administration
ⓘ
Internal Revenue Service ⓘ Pension Benefit Guaranty Corporation ⓘ United States Department of Labor ⓘ
surface form:
U.S. Department of Labor
|
| amendedBy |
Affordable Care Act
ⓘ
Consolidated Omnibus Budget Reconciliation Act of 1985 ⓘ
surface form:
Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA)
Health Insurance Portability and Accountability Act ⓘ
surface form:
Health Insurance Portability and Accountability Act of 1996 (HIPAA)
Pension Protection Act of 2006 ⓘ |
| appliesTo |
employer-sponsored health benefit plans
ⓘ
employer-sponsored retirement plans ⓘ private-sector employee benefit plans ⓘ |
| codifiedIn |
United States Code Title 29
ⓘ
surface form:
Title 29 of the United States Code
|
| containsTitle |
ERISA
self-linksurface differs
ⓘ
surface form:
Title I – Protection of Employee Benefit Rights
Title II – Amendments to the Internal Revenue Code ⓘ Title III – Jurisdiction, Administration, and Enforcement ⓘ Title IV – Plan Termination Insurance ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| creates |
civil enforcement mechanisms for plan participants
ⓘ
preemption of many state laws relating to employee benefit plans ⓘ |
| doesNotApplyTo |
church plans (with certain exceptions)
ⓘ
governmental plans ⓘ plans maintained outside the United States primarily for nonresident aliens ⓘ plans maintained solely to comply with disability insurance laws ⓘ plans maintained solely to comply with unemployment compensation laws ⓘ plans maintained solely to comply with workers’ compensation laws ⓘ |
| effectiveDate | 1974 ⓘ |
| enactedBy | United States Congress ⓘ |
| establishes |
Pension Benefit Guaranty Corporation
ⓘ
claims and appeals procedures for benefit plans ⓘ fiduciary standards for plan managers ⓘ funding standards for pension plans ⓘ participation standards ⓘ reporting and disclosure requirements ⓘ vesting standards ⓘ |
| fullName | Employee Retirement Income Security Act of 1974 ⓘ |
| governs |
form 5500 annual reporting for many plans
ⓘ
summary plan descriptions ⓘ |
| jurisdiction | federal ⓘ |
| keyConcept |
exclusive benefit rule
ⓘ
fiduciary duty of loyalty ⓘ fiduciary duty of prudence ⓘ preemption of state laws relating to employee benefit plans ⓘ |
| primaryCitation | 29 U.S.C. § 1001 et seq. ⓘ |
| protects |
beneficiaries of employee benefit plans
ⓘ
participants in private-sector employee benefit plans ⓘ |
| provides | private right of action for plan participants and beneficiaries ⓘ |
| publicLawNumber | Public Law 93-406 ⓘ |
| purpose |
to protect participants in employee benefit plans and their beneficiaries
ⓘ
to set minimum standards for most voluntarily established retirement and health plans in private industry ⓘ |
| regulates |
defined benefit pension plans
ⓘ
defined contribution pension plans ⓘ health benefit plans ⓘ pension plans ⓘ welfare benefit plans ⓘ |
| signedBy | Gerald Ford ⓘ |
| title | Employee Retirement Income Security Act of 1974 ⓘ |
| yearEnacted | 1974 ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Title I – Protection of Employee Benefit Rights