ERISA History
The automotive bankruptcy that inspired legislation
What is Studebaker?
The agency whose goal is to collect revenue
What is the IRS?
Concept of providing benefits on ongoing, systematic and regular basis
What is Administrative Scheme?
A savings plan with an individual account
What is a DC Plan?
The biggest tax expenditure in the U.S.
What is employer-provided healthcare?
The agency whose goal is to protect plan participants
What is the DOL?
Plans that provide for medical, hospital, disability, vision, or dental care
What are welfare plans?
A pension plan with a formulaic benefit
What is a DB plan?
One of the first companies to design a pension plan
What is American Express?
The agency that insures underfunded pension plans
What is the PBGC?
How a company takes action to establish a plan
What is a board resolution?
A plan that provides retirement income
The year ERISA was enacted
What is 1974?
The agency authorized to file suit and collect civil penalties
What is the DOL?
Non-ERISA benefits like salary, bonus, hourly wages, and sick pay
What are payroll practices?
A plan that results in a deferral of income
What is a DC plan?