What Led to the Passage of ERISA? What Impact Has

question 140

Essay

What led to the passage of ERISA? What impact has ERISA had on communicating benefits information with employees?

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Definitions:

Incidental Beneficiary

A third party who may benefit from a contract despite not being a direct party to it but has no legal rights to enforce the contract.

Breach of Contract

An act of failing to fulfill the terms of a contract between two or more parties.

Property

Assets or possessions that can be owned or controlled by an individual, corporation, or government, including tangible and intangible items.

Restaurant

A business establishment where meals or refreshments may be purchased.