Employee Retirement Income Security Act |
The Employee Retirement Income Security Act (ERISA) of 1974, is a United States federal law ratified to guard interstate commerce and the interests of members in employee benefit plans and their beneficiaries, through necessitating the reporting and disclosure to participants and beneficiaries of financial and other information with respect thereto, through setting up standards of responsibility, conduct, and obligation for fiduciaries of employee benefit plans, and through providing the appropriate sanctions, remedies, and ready access to the Federal courts.
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