To prevent retirement plan fiduciaries from misusing plan assets rules and regulations are implemented by ERISA. <\/p>

The minimum standards for participation, vesting, benefit accrual, and funding of retirement plans are also set by ERISA. <\/p>

In case there is a breach of fiduciary duty, then ERISA grants retirement plan participants the right to sue for benefits.<\/p>\n

<\/p>\n

All retirement plans are not subject to the terms of ERISA.  <\/p>

The IRAs or plans set up and maintained by government entities and churches are not covered by ERISA.  <\/p>

ERISA does not govern the plan if a company sets up a plan outside of the U.S. for its nonresident alien employees.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

What Is ERISA (Employee Retirement Income Security Act)? In 1974 to protect the retirement assets of workers in the U.S. the Employee Retirement Income Security Act (ERISA) got formed. \u00a0 The ERISA implemented rules to… Continue Reading 4 Questions About ERISA You Must Know<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":7714,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[39],"tags":[47,1536,1537,1538,61,1535],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.compareclosing.com\/blog\/wp-content\/uploads\/2021\/05\/4-Questions-About-ERISA-You-Must-Know.jpg","_links":{"self":[{"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/posts\/7687"}],"collection":[{"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/comments?post=7687"}],"version-history":[{"count":30,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/posts\/7687\/revisions"}],"predecessor-version":[{"id":7735,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/posts\/7687\/revisions\/7735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/media\/7714"}],"wp:attachment":[{"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/media?parent=7687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/categories?post=7687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.compareclosing.com\/blog\/wp-json\/wp\/v2\/tags?post=7687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}