Congress passed The Employee Retirement Income Security Act (ERISA) in 1974. Legislators intended the law "to protect … the interests of participants in employee benefit plans … by establishing standards of conduct, responsibility, and obligation for fiduciaries of employee benefits plans, and by providing for appropriate remedies … and ready access to the Federal courts." ERISA Section 502(b).
An experienced attorney from The Martin Law Group, LLC, ERISA Case Lawyers, can help you understand ERISA and how your benefits may be affected. Contact our Alabama law firm now to schedule your free initial consultation.
With the passage of ERISA, Congress sought to protect employees from negative consequences of private sector-mismanaged employee benefit plans. Lawmakers understood that mismanagement of benefit plans placed participants' potential benefits at risk.
Benefits of employment often include:
- Paid time off (vacation pay, sick leave and other types)
- Health plans
- Dental insurance
- Long-term disability insurance
- Short-term disability coverage
- Pensions, 401(k) plans and other types of retirement benefits
- Life insurance
ERISA governs the implementation of many of these benefits for employees. However, when an employee has a question about a benefit or needs to make a claim for benefits, the employee will typically read an employee handbook or consult with human resources personnel.
Few employees are likely to understand all the fine print included with their benefit packages. Fewer still are likely to review ERISA in the United States Code beginning at 29 U.S.C. § 1001. Even those who attempt to educate themselves on the laws surrounding employment benefits are unlikely to understand the nuances in this lengthy, complex statute, together with the relevant regulations and case law. It is because of this that The Martin Law Group, LLC, provides invaluable services to people who need assistance understanding and obtaining their benefits.
Alabama Employee Retirement Income Security Act Attorneys
A personalized consultation with a knowledgeable attorney is often the best way to ensure that you know how to assert your rights. We can advise you on how the answer to the question "What is ERISA?" applies in your case. When the time comes to apply for long-term disability benefits, pension or retirement benefits or make a claim on a life insurance policy in Alabama or anywhere in the South, contact The Martin Law Group, LLC ERISA Case Lawyers. From our law offices in Tuscaloosa, we regularly travel throughout Alabama and elsewhere as needed.