Category: ERISA

Like many of our California readers, you may have heard the abbreviation ERISA in the past. While some have a basic idea of what this means, others are in the dark and wonder if it pertains to them in any way. ERISA stands for the Employment Retirement Income Security Act of 1974. According to the […]

On Oct. 30, a federal appeals court approved a class-action lawsuit brought by employees of Amgen Inc. The plaintiffs say that the biotech company mismanaged their retirement funds. This decision could open the door to other suits against companies whose actions or inactions regarding their employee investment funds caused employees to lose significant amounts of […]

The Employee Retirement Income Security Act of 1974 has just reached its 40th anniversary. President Gerald Ford signed it into law on Sept. 2 of that year. Many Americans have seen the term “ERISA” on various employee forms and other documents. However, few know exactly what it does for them. ERISA provides protections to workers […]

For employees in California who are getting employee benefits, it is quite important to know what is going to happen if the company that is supplying those benefits goes bankrupt. The first thing to know, before even looking at the employee benefits on their own, is what type of bankruptcy is being declared. Two of […]

The Employee Retirement Income Security Act of 1794 may not be something everyone is quite familiar with; however, when it’s referred to as ERISA, more people have at least heard of it. According to the U.S. Department of Labor, ERISA “is a federal law that sets minimum standards for most voluntarily established pension and health […]

There have been some recent appellate court decisions involving the Employee Retirement Income Security Act of 1974 and in what instances ERISA, a federal law, can supersede or pre-empt state laws when employees make claims against their employers. According to the U.S. Department of Labor, ERISA “sets minimum standards for most voluntarily established pension and […]

In California and all across the country, it is very important for people to know about the Employee Retirement Income Security Act, which is commonly known as ERISA. It is there to protect them when they are setting up a pension plan or getting employee benefits, ensuring that businesses, even those that are privately owned, […]

The U.S. Department of Labor’s ERISA Advisory Council’s announced this month that it is looking at why people are moving their retirement assets out of employer-sponsored plans such as defined benefit plans. The amount of retirement dollars moving out of these plans has gotten their attention. Much of this transfer of assets is from Baby […]

Some retirees who aren’t ready to spend their days golfing or gardening are choosing to invest their 401(k) plan or Individual Retirement Account money into a start-up business. There’s a name for this: rollover-as-business-startup. With a ROBS, an entrepreneur can roll over an IRA or 401(k) into a 401(k) in their new company. That 401(k) […]

An Employee Retirement Income Security Act that came before the U.S. Supreme Court this month has raised some interesting questions and prompted debate about employee stock option plans. The questions asked by the justices and the arguments made by both sides deal with the underlying conflicts of interest for those managing ESOPs and questions of […]