Title I of ERISA

E701668

Title I of ERISA is the section of the Employee Retirement Income Security Act that establishes key protections, fiduciary standards, and disclosure requirements for private-sector employee benefit plans.

All labels observed (1)

Label Occurrences
Title I of ERISA canonical 1

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf Title of a United States federal statute
appliesTo private-sector employee benefit plans
private-sector pension plans
private-sector welfare benefit plans
authorizes participants and beneficiaries to bring civil actions to recover benefits due under the plan
participants and beneficiaries to clarify rights to future benefits
participants and beneficiaries to enforce rights under the plan
the Secretary of Labor to assess civil penalties for certain violations
the Secretary of Labor to bring civil actions for fiduciary breaches
citation 29 U.S.C. §§ 1001–1191c (substantive provisions generally within this range)
contains preemption provisions affecting state laws relating to employee benefit plans
defines fiduciary based on functions performed
effectiveSince 1974
enforcedBy U.S. Department of Labor Employee Benefits Security Administration NERFINISHED
establishes civil enforcement mechanisms for plan participants and beneficiaries
claims procedure requirements for benefit plans
fiduciary responsibility standards for plan fiduciaries
funding standards for pension plans
prohibited transaction rules
reporting and disclosure requirements for employee benefit plans
rules governing plan termination insurance interface with PBGC
standards for participation and vesting in pension plans
standards for plan fiduciary bonding
excludes church plans (unless electing ERISA coverage)
governmental plans
plans maintained outside the United States primarily for nonresident aliens
plans maintained solely to comply with workers’ compensation, unemployment, or disability laws
governs employers sponsoring employee benefit plans
plan administrators
plan fiduciaries
includes Section 3 (definitions)
Section 404 (fiduciary duties)
Section 406 (prohibited transactions)
Section 502 (civil enforcement)
jurisdiction United States federal law
partOf Employee Retirement Income Security Act of 1974 NERFINISHED
preempts state laws that relate to employee benefit plans, subject to savings and deemer clauses
primaryPurpose to protect participants in employee benefit plans and their beneficiaries
requires fiduciaries to act for the exclusive purpose of providing benefits and defraying reasonable plan expenses
fiduciaries to act solely in the interest of plan participants and beneficiaries
fiduciaries to act with the care, skill, prudence, and diligence of a prudent person
fiduciaries to diversify plan investments to minimize risk of large losses
fiduciaries to follow plan documents insofar as they are consistent with ERISA
plans to establish and maintain reasonable claims and appeals procedures
plans to furnish benefit statements to participants in certain plans
plans to provide annual reports (Form 5500) to the Department of Labor
plans to provide summaries of material modifications
plans to provide summary plan descriptions to participants
shortName Title I

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.