ERISA stands for the Employee Retirement Income Security Act. ERISA establishes rules regarding the conduct of any person who provides services to the plan in terms of plan administration, operations and investments. It is enforced by the Department of Labor (DOL), the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC). Title I, which contains rules for reporting and disclosure, vesting, participation, funding, fiduciary conduct and civil enforcement, is administered by the DOL. Title II amends the Internal Revenue Code to parallel many of the Title I rules and is administered by the IRS. Title II is concerned with jurisdictional matters and with coordination of enforcement and regulatory activities by the DOL and IRS. Title IV covers the insurance of defined benefit pension plans and is administered by the PBGC.

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ERISA (Legal Guides and Information)

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Benefits