Why would prevailing wage contractors use an ERISA Trust?
ERISA Trusts are a solution many prevailing wage contractors use to simplify compliance with provisions of the Davis-Bacon Act and [...]
What is an ERISA Trust used for?
An is a legal entity that is created to administer health and welfare benefits on behalf of a Trust’s member [...]
Do benefits have to be in an ERISA Trust to be “bona fide”?
There is no clear answer to this question. In common practice, Direct-to-Carrier benefits are accepted by both Federal and State [...]
Why a ‘bona-fide’ ERISA Trust matters
Because, as a "bona fide" trust, its administrators are subject to approval and audit, at least annually, by the Department [...]
The Employee Retirement Income Security Act of 1974 (ERISA)
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established health [...]