ERISA and Non-ERISA Rules

ERISA is a federal law that is intended to provide protection to participants in a retirement plan through enhanced reporting requirements and extensive fiduciary requirements that act as plan sponsor guidelines. Plan sponsors are considered fiduciaries and therefore are held responsible for the appropriate and legally compliant execution of their plans. Many organizations; however, are not held to these standards, and these are called non-ERISA Plans. We detail the differences and what you need to know about each in the articles below.