Frequently Asked Questions
ERISA
What is ERISA?
ERISA stands for the Employee Retirement Income Security Act of 1974, which was designed to protect the retirement plans that employees participate in through their employer, union or other institutions.
What kind of ERISA violations do Abraham, Fruchter & Twersky, LLP typically handle?
The most commonly brought private ERISA claims involve securities fraud. Specifically, when corporations encourage employees to invest in company stock through employee stock ownership plans or their 401(k) and the corporation commits fraud that causes the employee to pay too much for the stock, there are protections that are available under ERISA beyond that of the securities fraud laws.