Definition

ERISA

The federal statute governing private-sector employee benefit plans.

Full definition

The Employee Retirement Income Security Act of 1974 sets fiduciary, reporting, disclosure, and participant-protection rules for most private-sector retirement and welfare plans, including qualified plans with 401(h) accounts.

Related terms

Form 5500

The annual return filed by qualified retirement plans, including those with 401(h) accounts.

401(h) Account

A separate sub-account inside a qualified pension or annuity plan used to pay certain retiree medical benefits.

Availability, tax treatment, and plan design depend on the facts and circumstances of the employer, plan document, participant group, and applicable law. 401h.com provides general educational information only — not tax, legal, actuarial, investment, or ERISA advice. Consult qualified tax, legal, actuarial, and plan professionals.