Glossary

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EBSA - Employee Benefits Security Administration As an agency of the Department of Labor, the Employee Benefits Security Administration (EBSA) is committed to educating and assisting the nearly 154 million workers, retirees and their families covered by approximately 722,000 private(...) Read More

 

The Employee Retirement Income Security Act of 1974 is a federal United States tax and labor law that establishes minimum standards for retirement and benefit plans. The goal is to protect the interests of employee retirement and benefit plan participants. Department of Labor Website - ERISA Read More

In general terms, a fiduciary is a person who owes a duty of care and trust to another and must act primarily for the benefit of the other in a particular activity. For retirement plans, the law defines the actions that result in fiduciary duties and the extent of those duties. Many of the(...) Read More

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Third Party Administrator (or TPA) Read More

Third Party Administrator (or TPA) Read More