Who is BenefitsPRO?
BenefitsPRO.com is the #1 online destination for every benefits professional. The site is designed to quickly provide benefits brokers/consultants, benefits managers and retirement advisors with the news, resources, and tools they need.
What is ERISA status?
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.
What plans fall under ERISA?
ERISA applies to two types of plans – "Employee Welfare Benefit Plans" and "Employee Pension Benefit Plans." "Payroll practices" (see ER3) and certain group or group-type insurance programs with minimal employer or employee organization involvement are not included.