ERISA, or the Employee Retirement Income Security Act, mandates that employers take care to act thoughtfully and in the best interest of their employees when selecting and delivering employee benefit plans. If an employer is thought to have violated this, either knowingly or unknowingly, the company may be held accountable for the loss incurred by employees.
What Is an ERISA Employee Benefits Plan?
Most companies do their best to provide employees with the best possible benefits allowed by the size and revenue of the company. In some cases, mistakes are made that lead to these benefits being questioned by employees.
In general, benefits in these types of cases include:
- 401k plans
- Other retirement accounts and investments
- Employee stock ownership plans
- Profit-sharing plans
- Disability plans
- Post-retirement healthcare plans
How An ERISA Attorney Can Help
Employees will typically work with an attorney when filing claims of this nature against a company or organization. Due to the complex legal issues at work, it is critical that companies also enlist the help of an experienced attorney.
Companies should not speak with or advise an employee directly. Communication with any parties involved should be done strictly through a lawyer. There are several steps to the process of fighting a claim that your company violated ERISA or employee benefit plans laws in Texas.
First, your attorney will examine the details of the claim in conjunction with the benefits provided. From there, recommendations will be made about the strength of the employee's case and how the business should proceed. Our attorneys have the experience to negotiate settlements as well as go to trial, depending on what is required.
Work With Experienced Texas Attorneys
Naman Howell has over a century of legal experience, giving us unique insight into the legal precedents at work. We have the resources of a large firm but the collaborative, personalized atmosphere of a small one to provide our clients with the sophisticated representation they need at the best value.