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ERISA Wppda Case Studies

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ERISA Prior to the ERISA the WPPDA required employers to make plan descriptions and annual financial reports available to the government and plan participants. Although this was meant to give employees a chance to keep an eye out on any abuse or mismanagement of their funds. The WPPDA was limited in scope and was one of the reasons ERISA was formed. ERISA provisions applied starting after January 1st, 1975. The act increased the information that was available to employees and beneficiaries. ERISA implemented a type of healthcare plan enforcement that requires employers to manage funds exclusively for plan participants and their best interests. ERISA protects the retirement assets of Americans by implementing rules that qualified plans must

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