What is ERISA?
ERISA is the main legal vehicle (like a constitution) for self-funded employee benefits. The Employee Retirement Income Security Act of 1974 was designed as the ultimate consumer protection law, and retains that reputation today. This means that ERISA Fiduciary duty is a huge factor that you must understand. Customs that may be fine in normal businesses or in insurance companies can trigger civil and/or criminal charges under ERISA. Please carefully read and learn to think in the context of ERISA Fiduciary.