Employee Retirement Income Security Act (erisa)

Student NameCourse Name and CodeSemesterUniversityTutorDate of SubmissionEmployee hideaway Income earnest Act (ERISAIntroductionThe Employee privacy Income Security Act of 1974 was set with an aim of addressing and countering constant irregularities that were frequently witnessed in the management of retirement and other employee welf atomic issue forth 18 plans . The take on governs private employers by establishing marginal standards that they should maintained for welfare derive plans such as retirement , life policy , wellness insurance , disability insurance among others . The aim of the affect is to hold back misuse on plan assets by fiduciaries through a set of rules to be followed by qualified plans ERISA has generally been of long assistance to employees whose cash risked being mismanaged prior to the establishm ent of the act such that they could non access their benefits when they became due .

It must be noted tho that ERISA only establishes the standards for plans that the employer has chosen to give to the employees precisely does not quest the provision of insurance plans by the employer . The Employee Benefits Security Administration (EBSA ) is the administration body for ERISA . EBSA mostly aims at educating employees on health benefits so as to enable them make informed decisions regarding themselves and their familiesPlans not cover by ERISAERISA does not cover employee plans provided by government bodies and incomplete does it cover plans established b! y churches for their employees Plans that are established outback(a) the United States to cover non-resident employees are to a fault not covered...If you want to get a full essay, locate it on our website: BestEssayCheap.com

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