ERISA Violations | Employee Retirement Income Security Act of 1974
The Employee Retirement Income Security Act of 1974, or ERISA, was enacted to protect the assets of millions of Americans so that the funds placed in retirement plans during their working lives will be there when they retire. Under ERISA, minimum standards were set up to protect participants in most voluntary established pension and health plans offered by employers. ERISA violations occur because Employers are required to provide plan participants with important information about plan features and funding and also sets minimum standards for participation, vesting, benefit accrual and funding. Further, employers, as the plan fiduciaries, are required to act prudently, loyally and in the best interest of the employees when selecting plan investment options and investing plan assets.
Unfortunately, in recent years, many employers have engaged in highly risky and illegal business and accounting practices, which are misrepresented to investors and employees causing substantial losses in their plan. If employers fall short of their ERISA fiduciary duties, employees have the right to sue for benefits and plan losses.
Our firm has over 33 years of experience in representing employees and pension and health plan participants. We have represented investors in such important cases as Enron, WorldCom, Lehman Brothers and Bear Stearns.
Legal Help for Victims of ERISA Violations Fraud
Gilman Law LLP is a leading national ERISA violations law firm and is here to help you recover damages from an ERISA violation. For a FREE evaluation of your case, please fill out our online form, or if you need to speak to an ERISA violation attorney right away CALL TOLL FREE (1-888-252-0048) today.