ERISA has a preemption provision that protects qualifying sponsors from having to comply with different state regulations. Oregon's requirement that ERISA plans report their status is a breach of that provision, alleged ERIC.
The ERISA Industry Committee, a trade group that represents the interests of large employer sponsors of retirement plans, has settled a lawsuit brought against the Oregon Retirement Savings Board, which administers the Oregon Saves Auto IRA retirement program.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
