- Defines standards for the code of conduct for fiduciaries
- Requires that fiduciaries administer and manage their plans prudently and in the interest of the plan’s participants and beneficiaries.
- Requires plans to provide participants with information about the plan including important information about plan features and funding.
- Gives participants the right to sue for benefits and breaches of fiduciary duty.
- Guarantees payment of certain benefits if a defined plan is terminated, through the Pension Benefit Guaranty Corporation
- Employee Benefits Security Administration (EBSA) Compliance Assistance Portal – Assists employers and employee benefit plan officials in understanding and complying with the requirements of ERISA as it applies to the administration of employee pension and welfare benefit plans.
- Employment Law Guide: Employee Benefit Plans – Provides a summary of the requirements for most private sector employee benefit plans under ERISA.