Connecticut ERISA Lawyer
ERISA Explained by a New Haven Employment Discrimination Attorney
Need an attorney for ERISA in Connecticut? The Employee Retirement Income
Security Act of 1974 (ERISA) is a federal statute that mainly protects
participants in employee benefit plans, such as health benefit plans and
pension plans. Other retirement plans run by ERISA include 401k plans,
defined benefit pension plans, employee stock ownership plans (ESOPs),
and a variety of employer-sponsored medical and disability plans. ERISA
defends both plan participants and beneficiaries from the denial of benefits,
benefit changes, failure of proper disclosure of plan terms and other
violations of fiduciary duties.
Employers must comply with the specified requirements when they set up
their employees with plan investment options and investing plan assets
that best suit the needs of the employees. Unfortunately, upon investigation
some of the plans that look great on paper have a shockingly different reality.
The Secrets Behind Your Benefit Plan
Many companies today are undergoing scrutiny for good reason. It is not
uncommon for an employer to invest millions into their own company stock
with the money from plan assets and then offer their own employees the
chance to invest their plan contributions into it as well. Furthermore,
it is startling that employers will also actively involve themselves in
illegal and high-risk accounting and business practices. Employers often
distort these issues in order to throw off employees and investors. Poor
decisions of an employer can lead to utter financial collapse of the company.
The employees who participate in the benefit plan will face severe losses.
Searching for a lawyer for ERISA case in New Haven?
ERISA law recognizes such actions as illegal. With the help of a Connecticut
ERISA attorney, employees can take the first step to hold irresponsible
employers accountable for violations resulting in losses. After years
of dedicated service, it can be a frightening and concerning situation
to face the loss of all your years of investment and saving towards retirement.
In many cases, with fast and effective action, we can those who have lost
their saving to recover their investment through a variety of potential
legal actions. Our firm can assist in any such case throughout the areas of
There is no reason for you to suffer from any form of
employment discrimination. The Connecticut discrimination lawy firm of Axelrod & Associates
has 47 years of combined experience in helping clients with ERISA issues.
Contact an ERISA attorney
immediately if your feel that your employer has infringed upon your ERISA rights.