1. EmployeeBenefits PlanGabriela Rosas, VP ofHuman Resources

2. Overview Administration Whos covered Requirements and Exemptions Employee Rights Penalties Additional Assistance 3. Administration The Employee Retirement Income SecurityAct (ERISA) is administered by theEmployee Benefits Security Administration(EBSA). 4. Whos Covered? Most private sector employees Sets up Retirement Plans Defers money until termination of employment Other Plans: Welfare Plans Health Legal Benefits Death Vacations Disability Day Care Centers 5. Whos NOT Covered Government entities Churches Plans outside the U.S. 6. Requirements EBSA and the IRS work together and ensure workers receivepromises EBSA Regulates that person or entities: Manage plans for the exclusive benefit of participants andbeneficiaries Carry out their duties in a prudent manner Refrain from conflict of interest transactions prohibited by law Comply with limitations on certain plans' investments inemployer securities and properties Fund benefits in accordance with the law and plan rules Report and disclose information on the operations andfinancial condition of plans to the government andparticipants Provide documents required in the conduct of investigations toensure compliance with the law. Need to report? Call Tel: 1-866-444-EBSA (1-866-444-3272) 7. Exemptions Various statutory exemptions are granted by theDepartment of Labor and Treasury on a case bycase scenario for a variety of proposed transactions To see the full list please visit: http://www.dol.gov/compliance/guide/erisa.htm 8. Employee Rights Right to receive information about your pensionor health benefit plans Participate in timely and fair processes for benefitclaims Elect to temporarily continue group healthcoverage after losing coverage Receive certificates verifying health coverageunder a plan Recover health benefits 9. Penalties Department of Labor may sue! Any person or entity that willfully violates Part Iof Tittle I Administrator who fail/refuse to comply couldbe charged $1,000/day 10. Additional AssistanceFor further assistance or details please visit thefollowing: Compliance Assistance: 1-866-444-EBSA (1-866-444-3272). http://www.dol.gov/compliance/guide/erisa.htm See a full list of other helpful sites 11. Overview Administration Whos covered Requirements and Exemptions Employee Rights Penalties Additional Assistance