The Employee Retirement Income Security Act (ERISA) of 1974 is a federal law designed to protect the retirement assets of American workers. It sets minimum standards for most voluntarily established retirement and health plans in private industry to ensure that plan funds are protected and that participants receive their benefits. Whether dealing with denied long-term disability claims, severance benefits, or any other ERISA-related issues, understanding this complex legislation can be challenging without the right legal guidance. At Bartolic Law, our La Grange ERISA lawyer has a deep understanding of ERISA law and is dedicated to helping clients navigate this important legislation.
ERISA is a federal law that applies to most private employers who offer retirement or health benefit plans to their employees. These plans can include pension, profit-sharing, 401(k), and health insurance plans. ERISA sets minimum standards for these plans, including requirements for participation, vesting, benefit accrual, and funding. It also establishes reporting and disclosure obligations to ensure transparency and accountability.
Under ERISA, employers are responsible for managing the assets of their employee benefit plans in a prudent and responsible manner. This includes following all fiduciary duties, such as acting solely in the interest of plan participants and beneficiaries, diversifying plan investments, and using reasonable care in the selection and monitoring of plan service providers.
Navigating ERISA litigation requires legal knowledge and experience. Choosing an experienced ERISA lawyer is essential as they can:
Bartolic Law stands out among other firms in the La Grange area due to our dedication to excellence and client-focused approach:
At Bartolic Law, we are dedicated to turning denials into payments. Our commitment to helping individuals secure the benefits they deserve is unwavering. If you are dealing with a denied long-term disability claim or any other ERISA-related issue, contact us today. Let us help you navigate the complexities of ERISA law and achieve the favorable outcome you deserve.