To determine if the Employee Retirement Income Security Act of 1974 (ERISA) might impact viability of mandated auto-enrollment IRA programs created through state legislation (“State Auto-Enrollment IRA Programs”), the U.S. Chamber of Commerce requested Eversheds Sutherland (US) to examine whether state auto-IRA plans are preempted by ERISA and/or could be considered ERISA plans.
Letter on State Auto-Enrollment IRA Programs and ERISA
To determine if the Employee Retirement Income Security Act of 1974 (ERISA) might impact viability of mandated auto-enrollment IRA programs created through state legislation (“State Auto-Enrollment IRA Programs”), the U.S. Chamber of Commerce requested Eversheds Sutherland (US) to examine whether state auto-IRA plans are preempted by ERISA and/or could be considered ERISA plans.
