This lesson is an overview of the Employee Retirement Income Security Act (ERISA), a detailed statutory scheme that regulates employee-benefit plans.
The federal Employee Retirement Income Security Act, or ERISA, regulates the formation, administration, and funding of employee benefit plans. Employers generally aren’t required to offer benefit plans, but if they do, they’re subject to ERISA.
The two main types of employee benefit plans are pension benefit plans and welfare benefit plans.
I. Pension Benefit Plans
A pension benefit...