Also known as the Employee Retirement Income Security Act, ERISA consists of federal laws enacted to protect workers of private companies who provide pension, retirement, health insurance, and profit sharing plans. As long term disability attorneys, we unfortunately see a lot of employers who violate ERISA laws, often negatively impacting employees and landing the employer in hot water.
Oftentimes, an ERISA violation happens when a company fails to meet one or more ERISA obligations. There are many types of violations that can occur, but here are some of the more common ones:
- Breaching fiduciary duties
- Improperly denying benefits to a former or current employee
- Interfering with the rights of an employee
It’s essential for a company to understand ERISA – especially from an employer’s point of view. This will help protect the company from making a mistake that could harm the company.
Employees also need to be familiar with ERISA laws to ensure they know their rights according to federal laws. If you’re familiar with the ins and outs of ERISA, or work with an attorney who has experience handling these types of issues, then you’re less likely to become a victim as you’ll be able to more quickly pinpoint violations. Ultimately, an experienced lawyer can guide you step-by-step through your legal journey.
Here at the ERISA Law Center, we see these ERISA violations happen time and time again. Oftentimes these violations lead to disputes between employees and employers, leading to even more trouble in the future.
If you feel that your employer has committed an ERISA violation, then it’s important that you reach out to the ERISA Law Center as soon as you can. Call today to see how we can help!