Noteworthy Definitions (boring industry jargon):
- ERISA: The Employee Retirement Income Security Act of 1974: It is a federal law that sets minimum standards for most voluntary pension and health plans to protect the individual.
ERISA is designed to protect individual consumers, this much we know. There is a responsibility on the side of the firm offering each product to publish certain information made available to plan participants, and to the government.(more…)