ERISA Compliance

[eˈriːsə kəmˈplaɪəns]

The ERISA (Employee Retirement Income Security Act)  compliance ensures that organizations are compliant with the retirement plan they offer to their employees. 

This Act puts in place guidelines and sets standards in order to protect employees working in the private sector who provide retirement and welfare benefit plans; organizations can ensure they are compliant by either getting a good third party administrator or by hiring an experienced HR person who has the experience and knowledge about it. This is because it involves a lot of set deadlines.

Part of speech:
Use in a sentence:
We must be ERISA Compliant with our organization.
ERISA Compliance