Most rules governing employee benefits that your employer provides are covered by the Employee Retirement Income Security Act of 1974, more commonly known as ERISA. While ERISA does not mandate that your employer provide you with a pension, 401(k), disability plan, or health plan, ERISA demands employers that choose to provide such benefits must comply with many rules and regulations. Many retirement plans must meet minimum levels of funding by the employer, minimum vesting standards, minimum accruals, and minimum employee participation. Further, nearly every type of retirement plan covered by ERISA has one or more fiduciaries who are held to a high standard of care in the management and administration of the plan.
ERISA claims and litigation arise in a variety of contexts. You may have been denied a benefit to which you are entitled. For example, you may have a claim for long-term disability and the administrator denied your application for benefits. Your insurer may have refused to cover a critical medical procedure you need. You may have been excluded from participating in certain benefit plans in which your employer was obligated to include you. The fiduciaries of your retirement plan may have mismanaged plan assets, negatively affecting your retirement account. If your grievance concerns employee benefits, we can help.