ERISA definition: Copy, customize, and use instantly
Introduction
The term "ERISA" refers to the Employee Retirement Income Security Act of 1974, a U.S. federal law that establishes minimum standards for pension and health plans in private industry to provide protection to individuals in these plans.
Below are various examples of how "ERISA" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "ERISA" as a federal law governing employee benefit plans
This definition ties "ERISA" to its role in regulating employee benefits.
"ERISA" refers to the Employee Retirement Income Security Act of 1974, a U.S. federal law that sets standards for the administration of pension and health benefit plans offered by private employers to protect the interests of plan participants.
Definition of "ERISA" as it relates to retirement plans
This definition connects "ERISA" to retirement plans specifically.
"ERISA" refers to the Employee Retirement Income Security Act, which establishes requirements for retirement plans in private industry, including pension plans, 401(k) plans, and other employee savings plans, ensuring benefits are protected.
Definition of "ERISA" as a legal framework for benefit plans
This definition links "ERISA" to its overarching legal framework for employee benefits.
"ERISA" means the Employee Retirement Income Security Act of 1974, a comprehensive federal law that sets forth requirements and guidelines for employee benefit plans, including both retirement and welfare benefits, to ensure plan participants' rights are protected.
Definition of "ERISA" as an employer’s obligation under federal law
This definition highlights the employer’s responsibilities under "ERISA."
"ERISA" refers to the legal framework that outlines employers' duties regarding employee benefit plans, including fiduciary responsibilities, transparency, and the protection of plan participants’ benefits under retirement and health plans.
Definition of "ERISA" as it applies to health insurance plans
This definition connects "ERISA" to health insurance plans specifically.
"ERISA" means the Employee Retirement Income Security Act, which governs the administration and management of employer-sponsored health insurance plans, including ensuring compliance with federal standards and protecting employees’ rights.
Definition of "ERISA" as a protection mechanism for plan participants
This definition emphasizes ERISA’s protective role.
"ERISA" refers to the Employee Retirement Income Security Act, a law designed to protect employees by establishing standards for the management and funding of private sector employee benefit plans, ensuring that benefits are paid to plan participants.
Definition of "ERISA" as related to fiduciary responsibility
This definition connects "ERISA" to fiduciary duties.
"ERISA" refers to the Employee Retirement Income Security Act, which imposes fiduciary duties on plan administrators and managers to act in the best interests of plan participants and beneficiaries in managing employee benefit plans.
Definition of "ERISA" as an act governing reporting and disclosure
This definition ties "ERISA" to its reporting and disclosure requirements.
"ERISA" refers to the Employee Retirement Income Security Act, which mandates that employers sponsoring employee benefit plans must provide detailed reports and disclosures to plan participants and the U.S. Department of Labor, ensuring transparency and compliance.
Definition of "ERISA" as it relates to plan compliance
This definition links "ERISA" to plan compliance.
"ERISA" refers to the Employee Retirement Income Security Act, a U.S. law that requires employee benefit plans to meet specific compliance standards related to reporting, funding, and fiduciary duties, ensuring the protection of employees’ rights.
Definition of "ERISA" as a law governing both pension and welfare plans
This definition connects "ERISA" to both pension and welfare plans.
"ERISA" means the Employee Retirement Income Security Act, a federal law that applies to both pension and welfare benefit plans, ensuring that private sector employers meet standards of care in the administration of such plans.
Definition of "ERISA" as it applies to the Department of Labor
This definition ties "ERISA" to regulatory oversight.
"ERISA" refers to the Employee Retirement Income Security Act, which authorizes the U.S. Department of Labor to regulate, monitor, and enforce the standards for private-sector employee benefit plans to ensure compliance with federal law.
Definition of "ERISA" as it relates to enforcement and penalties
This definition connects "ERISA" to enforcement actions.
"ERISA" means the Employee Retirement Income Security Act, which establishes provisions for the enforcement of plan compliance, including penalties for failure to adhere to the law’s standards for reporting, funding, and fiduciary duties.
Definition of "ERISA" as a law governing plan participants' rights
This definition highlights the rights of plan participants under "ERISA."
"ERISA" refers to the Employee Retirement Income Security Act, which protects the rights of participants in employer-sponsored retirement and health plans, including access to information and a fair claims process.
Definition of "ERISA" as related to pension plan administration
This definition focuses on pension plan administration under "ERISA."
"ERISA" refers to the Employee Retirement Income Security Act, which governs the management and administration of pension plans, ensuring that funds are managed responsibly and benefits are provided according to established rules.
Definition of "ERISA" as federal standards for pension plans
This definition ties "ERISA" to its role in establishing minimum standards for pension plan administration, ensuring the protection of employees' retirement savings.
"ERISA" means the Employee Retirement Income Security Act, a federal law that establishes minimum standards for pension plan administration, including participant eligibility, benefits, and funding requirements to protect employees’ retirement savings.
Definition of "ERISA" as employer responsibility for welfare plans
This definition connects "ERISA" to the responsibilities of employers in managing employee welfare plans such as health insurance and disability benefits.
"ERISA" refers to the Employee Retirement Income Security Act, which holds employers accountable for the management and oversight of welfare plans, including health insurance, disability benefits, and other employee welfare programs.
Definition of "ERISA" as it governs funding and administration of employee benefit plans
This definition links "ERISA" to its regulations on the funding and administration of employee benefit plans, ensuring financial integrity and legal compliance.
"ERISA" means the Employee Retirement Income Security Act, which regulates the funding, administration, and operation of employee benefit plans, ensuring that they meet financial and legal standards to protect the interests of participants.
Definition of "ERISA" as protecting benefits in case of employer insolvency
This definition connects "ERISA" to its provisions that protect employee benefits in the event of employer insolvency or bankruptcy.
"ERISA" refers to the Employee Retirement Income Security Act, which provides safeguards to employees' retirement benefits, ensuring that benefits are protected even in the case of employer insolvency or bankruptcy.
Definition of "ERISA" as it applies to pension fund investments
This definition ties "ERISA" to the rules governing the investment of pension funds, ensuring that these funds are managed responsibly and in the best interests of participants.
"ERISA" means the Employee Retirement Income Security Act, which sets forth rules governing the investment of pension funds, ensuring that plan assets are managed prudently and solely in the best interests of plan participants.
Definition of "ERISA" as it affects healthcare plans
This definition connects "ERISA" to employer-sponsored healthcare plans and mandates for claims processing and participant rights.
"ERISA" refers to the Employee Retirement Income Security Act, which imposes requirements on employer-sponsored healthcare plans, including mandates for claims processing and participant rights to review health benefits.
Definition of "ERISA" as legal protection for employee benefits
This definition ties "ERISA" to its role in providing legal protection for employee benefits, ensuring enforcement of rights to pensions, health insurance, and disability coverage.
"ERISA" refers to the Employee Retirement Income Security Act, which offers legal protection for employee benefits, ensuring that employees' rights to benefits such as pensions, health insurance, and disability coverage are enforced and upheld.
Definition of "ERISA" as relating to plan administration responsibilities
This definition links "ERISA" to the legal responsibilities of administrators in managing employee benefit plans and ensuring compliance.
"ERISA" means the Employee Retirement Income Security Act, which establishes the legal responsibilities of administrators in managing employee benefit plans, including ensuring compliance with plan terms and providing adequate reporting to participants.
Definition of "ERISA" as a regulatory framework for private-sector benefit plans
This definition connects "ERISA" to its role in regulating private-sector retirement and welfare benefit plans, ensuring transparency and fairness.
"ERISA" refers to the Employee Retirement Income Security Act, which regulates the administration of private-sector retirement and welfare benefit plans, ensuring transparency, fairness, and security for plan participants.
Definition of "ERISA" as imposing fiduciary duties on plan managers
This definition ties "ERISA" to fiduciary duties required of plan managers, ensuring they act in the best interests of participants.
"ERISA" means the Employee Retirement Income Security Act, which requires plan fiduciaries to act in the best interests of plan participants, ensuring that plan assets are managed responsibly and that participants’ benefits are protected.
Definition of "ERISA" as it impacts non-qualified retirement plans
This definition links "ERISA" to its influence on non-qualified retirement plans, particularly in relation to reporting and participant protections.
"ERISA" refers to the Employee Retirement Income Security Act, which primarily governs qualified retirement plans but also influences non-qualified plans by setting certain guidelines related to reporting and participant protections.
Definition of "ERISA" as it relates to the provision of retirement plan benefits
This definition ties "ERISA" to the legal requirements for providing retirement plan benefits, including eligibility, vesting, and timely distribution of funds.
"ERISA" means the Employee Retirement Income Security Act, which outlines the legal requirements for providing retirement plan benefits, including vesting schedules, eligibility criteria, and the timely distribution of funds to eligible participants.
Definition of "ERISA" as a law governing the withdrawal of benefits
This definition connects "ERISA" to guidelines for the withdrawal and distribution of benefits from retirement and welfare plans.
"ERISA" refers to the Employee Retirement Income Security Act, which provides guidelines for the withdrawal or distribution of benefits from retirement and welfare plans, ensuring that participants can access their benefits under certain conditions.
Definition of "ERISA" as it applies to employee benefit plan reporting
This definition ties "ERISA" to its reporting requirements for employers, ensuring transparency and oversight of employee benefit plans.
"ERISA" refers to the Employee Retirement Income Security Act, which requires employers to file annual reports with the Department of Labor detailing the financial condition and operations of employee benefit plans to ensure transparency.
Definition of "ERISA" as affecting plan termination procedures
This definition connects "ERISA" to the procedures for properly terminating employee benefit plans and ensuring participants receive their vested benefits.
"ERISA" means the Employee Retirement Income Security Act, which sets forth requirements for the proper termination of employee benefit plans, including ensuring that participants receive their vested benefits upon plan closure.
Definition of "ERISA" as providing enforcement mechanisms for benefits claims
This definition links "ERISA" to mechanisms that allow employees to enforce their benefits claims through legal action.
"ERISA" refers to the Employee Retirement Income Security Act, which provides mechanisms for the enforcement of benefits claims, including the ability for plan participants to sue for benefits or breaches of fiduciary duties.
Definition of "ERISA" as addressing the portability of retirement benefits
This definition connects "ERISA" to provisions that protect the portability of retirement benefits when employees change employers.
"ERISA" means the Employee Retirement Income Security Act, which includes provisions that protect the portability of retirement benefits, allowing participants to transfer pension plan assets to other qualified plans when changing employers.
Definition of "ERISA" as it relates to the establishment of qualified plans
This definition ties "ERISA" to the legal framework for establishing qualified retirement plans that offer tax advantages.
"ERISA" refers to the Employee Retirement Income Security Act, which outlines the requirements for the establishment of qualified retirement plans that provide tax advantages to both employers and employees, ensuring their long-term financial security.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.