The Court found that the state statute "binds ERISA plan administrators to a particular choice of rules for determining beneficiary status. A "Clear" Guide to Swaps and to Avoiding Collateral Damage in the World of ERISA and Employee Benefit Plans (Part Four of Four).Because such regulations can be daunting, a recent program provided a roadmap for ERISA plans considering making investments in alternative investment funds. ERISA is a federal law that sets minimum standards for retirement plans in private industry. Compliance Corner Q32024: Regulatory Filings and Other Considerations Hedge Fund Managers Should Note in the Coming Quarter. , 105 S. Ct. 1005 (1985). We conducted our audits in accordance with auditing standards generally accepted in the United States.