James Lukezic is an experienced and successful fiduciary advisor located in New York. He works for Oppenheimer & Company, Inc. and specializes in corporate retirement planning. He is well versed in retirement planning. and was offered a position on the Fidelity Investments Defined Contribution Advisory Committee in 2015. In order to succeed as a retirement advisor, it is important for professionals to have a strong knowledge on a variety of topics.
The Employee Retirement Income Security Act (ERISA) is one of these topics. This act was passed in 1974 and is “a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.” This act is an important piece of protection for employees throughout the United States.
ERISA requires plan providers to inform participants about plan features and funding. This act also sets minimum standards for aspects such as benefit accrual and funding, participation, and vesting. ERISA also requires plans to have an established grievance and appeals process available for their participants. It also “provides fiduciary responsibilities for those who manage and control plan assets.”
An important fact to know about this act is that it does not cover retirement plans that are established or maintained by government entities, churches, or plans which are maintained solely for worker’s compensation, disability laws, or unemployment. James Lukezic has a strong knowledge of retirement planning and the laws and regulations that are involved with retirement plans, benefits, and compensation.
Source:https://www.dol.gov/general/topic/retirement/erisa
The Employee Retirement Income Security Act (ERISA) is one of these topics. This act was passed in 1974 and is “a federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.” This act is an important piece of protection for employees throughout the United States.
ERISA requires plan providers to inform participants about plan features and funding. This act also sets minimum standards for aspects such as benefit accrual and funding, participation, and vesting. ERISA also requires plans to have an established grievance and appeals process available for their participants. It also “provides fiduciary responsibilities for those who manage and control plan assets.”
An important fact to know about this act is that it does not cover retirement plans that are established or maintained by government entities, churches, or plans which are maintained solely for worker’s compensation, disability laws, or unemployment. James Lukezic has a strong knowledge of retirement planning and the laws and regulations that are involved with retirement plans, benefits, and compensation.
Source:https://www.dol.gov/general/topic/retirement/erisa
