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Employee Benefits Security Administration

Published on AidPage by IDILOGIC on Jun 24, 2005 (modified on Jun 24, 2005)
Total Funding:$124,040,000
Funding Programs:1
Pension and Welfare Benefits Administration - the Employee Retirement Income Security Act of 1974 (ERISA), (88 Stat. 829; 29 U.S.C. 1001 note), requires administrators of private pension and welfare plans to provide plan participants with easily understandable summaries of plans; to file those summaries in the Office of Pension and Welfare Benefit Programs; and to report annually on the financial operation of the plans and bonding of persons charged with handling plan funds and assets. Plan Administrators must also meet strict fiduciary responsibility standards which are enforced by the Office of Pension and Welfare Benefit Programs. Vesting, participation, and funding standards are, for the most part, administered by the Internal Revenue Service.

Funding Programs