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Small Business Employee Benefits and HR Blog

ERISA

The Employee Retirement Income Security Act of 1974, or ERISA, is a federal law that sets minimum standards for pension plans in private industry.Requires plans to provide participants with information about the plan including important information about plan features and funding. The plan must furnish some information regularly and automatically. ERISA sets minimum standards for participation, vesting, benefit accrual,funding and requires accountability of plan fiduciaries.