ERISA & Employee Benefits
Employment Law · Lesson 12
ERISA & Employee Benefits
這一課問的是：員工福利計劃是否符合 ERISA 之信託、揭露、程序要求？
ActorActObjectStandardConsequence
Core Terminology · 7 must-know
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ERISA
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Employee Retirement Income Security Act of 1974.
ERISA。
fiduciary duty
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Plan administrators must act solely in interest of participants.
信託義務。
plan documents
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Required disclosure of benefits, eligibility, claims procedures.
計劃文件。
vesting
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Employee's nonforfeitable right to benefits after specified service.
既得權。
preemption
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ERISA preempts most state laws relating to employee benefit plans.
先佔。
Rule Sentence · the workhorse
ERISA regulates private-sector employee benefit plans by imposing fiduciary duties on plan administrators, requiring detailed disclosure to participants, mandating vesting schedules, and providing federal jurisdiction; ERISA broadly preempts state laws relating to employee benefit plans.
Mini IRAC · build the Application
Issue. Has the plan administrator breached fiduciary duty by investing 100% of plan assets in employer stock?
Rule. ERISA imposes fiduciary duties of loyalty and prudence on plan administrators.
Application (model). Administrator invested 100% in employer stock. Because ERISA fiduciary duty requires acting solely in participants' interest with prudence, including reasonable diversification, the fact that the administrator concentrated all assets in a single security — and that security was the employer's own stock — means the fiduciary likely breached the duty of prudence.
Pick the right element for each blank:
g1.
g2.
Conclusion. Therefore, the administrator may be liable under ERISA for breach of fiduciary duty.
Practice Drill · tap to build the rule
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