The Employee Retirement Income Security Act (ERISA) guarantees benefits to employees who are enrolled in qualified retirement plans. Pennsylvania employers and employees must adhere to a list of ongoing requirements to ensure that employees receive their benefits in...
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Choosing between an ERISA or non-ERISA plan
The Employee Retirement Income Security Act (ERISA) is a federal law that sets nationwide regulations on how employers have to provide private retirement plans to employees. ERISA defines the requirements for providing information to participants and setting minimum...
Understanding ERISA bonds
ERISA fidelity bonds are a form of insurance designed to protect your plan against losses that would result from acts of dishonesty or fraud. In Pennsylvania, it is a vital part of retirement planning, implementing rules and frameworks that support and govern...
Facts about fiduciaries in Pennsylvania
In many cases, fiduciaries are not well understood. If you're reading this article, you might be wondering what a fiduciary is and why they matter to you and your investments. Keep reading to learn some important facts about a fiduciary. What is a fiduciary? A...
ERISA denial: What rights do I have now?
When an insurance claim is denied in Pennsylvania, the first thing to determine is whether the plan falls under the Employee Retirement Income Security Act. This act, passed by Congress in 1974, allows companies to self-fund insurance programs. This means the company...
How do you know if a 401(k) is being mishandled in Pennsylvania?
Some employees are given a 401(k) retirement plan as part of their compensation package. Employees are usually asked to commit a percentage of their paychecks each pay period to this account. When this process works as normal, the employer might offer to match it, and...
How filing for an ERISA claim works
Pennsylvania employees who become ill or suffer an injury may need to file a claim for benefits. Known as an ERISA claim, this type of claim is intended to tap into long or short term disability benefits for the disabled employee. Unfortunately, not all claims are...
Pennsylvania man defrauded investors for more than $2 million
As the saying goes, “if it sounds too good to be true, it usually is.” While it is hard to pass up a great deal, the reality is that some of these good deals are far from just that. When it comes to making an investment, this could result in serious detriments for...
Understanding ERISA Regulations
Many workers in Pennsylvania are familiar with ERISA laws protecting employees who work for companies that provide perks like retirement plans, health insurance and pensions. The Employee Retirement Security Act and includes the laws that set minimum standards for...
What is ERISA and how does it protect workers?
The Employee Retirement Income Security Act (ERISA) is an important protection for workers’ retirement and pensions. For that reason, workers should be familiar with how ERISA works. How can ERISA help protect a worker’s pension or retirement? ERISA provides insurance...