Tag: Severance Plan

Business Law & Regulations, Employment & Labor

Severance Plan That Doesn’t Require Ongoing Administration Is Not an ERISA Plan

June 15, 2021


An employer’s project completion bonus payable to employees is not an employee benefits plan under the Employee Retirement Income Security Act (ERISA) if the plan does not involve an ongoing administrative program, the 5th U.S. Circuit Court of Appeals ruled. […]