Tweet This

Employee Retirement Income Security Act of 1974 (ERISA)

Legislation enacted in 1947 that protects workers from losing benefits that are provided through the workplace. The Act does not require employers to establish a benefit plan for employees but does include requirements for the plan when one is in place.

Administrative Costs

Administrative costs refer to outlays that are not directly related to the service or good a company is selling. For a standard business this could…