TOOL All About ERISA and Pension Plans

Employers seeking to help their workers become more knowledgeable about defined-contribution and defined-benefit plans, how workers’ assets are protected and more may consider linking their intranets to a page on the U.S. Department of Labor’s Web site. “Frequently Asked Questions About Pension Plans and ERISA” answers basic questions about the Employee Retirement Income Security Act of 1974; explains DB, DC, 401(k) plans and others; discusses whether plans can be terminated; explains which federal agencies regulate plans; and more. The page also contains contact information for the Pension Benefit Guaranty Corp. and the DOL should employees want to find out more.