Define Employee Retirement Income Security Act (ERISA)

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter6: Business Expenses
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Define Employee Retirement Income Security Act (ERISA)

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The 1974 Employee Retirement Income Security Act secures American pension resources by enforcing requirements required by eligible programs to guarantee that fund administrators do not abuse plan assets.

Step 2

Under ERISA the schemes shall include members with function data and financing data on the schemes and provide them freely on a routine basis. ERISA also established standards participatory, conferral, income accrual, and financial requirements.

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