ERISA covers both defined benefit and defined contribution plans that are offered through employers. This also extends to pensions and profit-sharing plans.This document is not intended to include every program detail. Complete details can be found in Chapter 121,. As a new employee, you have a choice of two FRS retirement plans: the Investment Plan and the Pension Plan. Fill out the form and we'll be in touch with you shortly, or call us now at 9549899000. Learn about the Employee Benefit Plan Audit services offered to companies in Florida including 401k, 403b and other retirement plan audits. Wrap plans are used to comply with ERISA's plan document and SPD requirements. Employers may indeed terminate plans. If your plan terminates or becomes insolvent, ERISA provides you with some protection.