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Employee Retirement Income Security Act: A Case Study

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According to the ERISA, “the three primary protections afforded employees with defined benefit plans are 1) funding, 2) vesting and 3) guarantee” (Gordon, 2016).
The impact of the Employee Retirement Income Security Act (ERIS) has had on the employer’s retirement plans, health insurance plans and other benefits plan is that it holds employers responsible to ensure good intent when it comes to the employee benefits. For example, the law should include a plan that is fair to all employees and list any requirements or offers for affordable plans, including investing towards retirement plan (401K), affordable co-payments and/or low premium pay, in addition, to any other information related to (i.e. after 7 days of filing claim, etc.), similar

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