Skip to Content

You are here

Employee Benefits Compliance Assistance

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for retirement and health benefit plans in private industry. ERISA does not require any employer to establish a plan. It only requires that those who establish plans must meet certain minimum standards.

ERISA covers retirement, health and other welfare benefit plans (e.g., life, disability and apprenticeship plans). Among other things, ERISA provides that those individuals who manage plans (and other fiduciaries) must meet certain standards of conduct. The law also contains detailed provisions for reporting to the government and disclosure to participants. There also are provisions aimed at assuring that plan funds are protected and that participants who qualify receive their benefits.

ERISA has also been expanded to include new health laws. The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) amended ERISA to provide for the continuation of health care coverage for employees and their beneficiaries (for a limited period of time) if certain events would otherwise result in a reduction in benefits. The Health Insurance Portability and Accountability Act of 1996 (HIPAA) amended ERISA to make health care coverage more portable and secure for employees.

EBSA's compliance assistance information will assist employers and employee benefit plan officials in understanding and complying with the requirements of ERISA as it applies to the administration of employee retirement, health and other welfare benefit plans.

Eligibility: All U.S. businesses
Click here to suggest additional keyword tags

Contact

Related Content

Employee Benefits Security Administration - Frequently Asked Questions
The U.S. Department of Labor's Emplyee Benefits Security Assistance Frequently Asked Questions web page provides quick information about programs...
Summary of Benefits and Disclosure Rules provision
Employers are required to provide employees with a standard ”Summary of Benefits and Coverage“ form explaining what their plan covers and what it...
Trade Compliance Center
The Trade Agreements Compliance Program is an international trade complaint center to help American businesses reduce barriers to international...
International Trade Remedy Compliance Assistance
International Trade Remedy Compliance staff provide assistance to U.S. businesses that feel that their export markets are jeopardized by the...
Food Safety Compliance Assistance
The Food Safety Inspection Service (FSIS) provides information to agricultural producers and businesses to help them comply with food safety...