ERISA is a broad federal law that established a set of standards for health, welfare, longterm disability, pension, and other kinds of insurance plans. Learn about the ERISA DOL and retirement plan audit services offered to businesses in Phoenix, Tucson, and across Arizona.Learn about the ERISA Audit and benefit plan audit services offered to Tucson and Phoenix 401k plan sponsors - Arizona ERISA Audit - Phoenix, AZ 85001. A governmental retirement plan must meet certain minimum benefit or contribution standards to qualify as a public retirement system. We've put together a guide to help you understand more about retirement income and protection planning. This plan promises you a specific amount at retirement, which you can receive in a lump sum or an annuity. If the Arizona Secure Choice Retirement Savings Trust Act (HB 2063) is signed into law, access to a retirement plan will be required. Employee Benefits Law Group. Home > Resources > Retirement Plans > What It Means To Be An ERISA Fiduciary. "ERISA" means the employee retirement income security act of 1974. 5.