Tread carefully with Erisa money

Erisa rules are in flux, and credit managers need to be particularly cautious about how they take on funds that fall under the rule’s jurisdiction, explains Ropes & Gray partner Joshua Lichtenstein

The US Department of Labor’s (DoL) Employee Retirement Income Security Act of 1974 (Erisa) and certain parallel sections of the Internal Revenue Code of 1984 set out a number of rules on how private retirement plans and accounts such as IRAs and 401(k)s can be operated. Most importantly for credit,