Erisa Rules For Hedge Funds In Texas
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For example, Federal, state, or local government plans and some church plans are not covered.
In general, ERISA does not cover group health plans established or maintained by governmental entities, churches for their employees, or plans which are maintained solely to comply with applicable workers compensation, unemployment, or disability laws.
Basic ERISA compliance requires employers provide notice to participants about plan information, their rights under the plan, and how the plan is funded. This includes ensuring plans comply with ERISA's minimum standards, recordkeeping, annual filing and reporting, and fiduciary compliance.
ERISA and the Code require each retirement plan to file Form 5500 by the end of the seventh month after the end of each plan year (extensions of time are available) unless the DOL and the IRS have granted an exemption to this requirement.
“Hedge funds are restricted under Regulation D under the Securities Act of 1933 to raising capital only in non-public offerings and only from “accredited investors,” or individuals with a minimum net worth of $1,000,000 or a minimum income of $200,000 in each of the last two years and a reasonable expectation of ...
Summary Plan Description (SPD) Plan Document. Group Policy of Insurance (if applicable) Certificate of Insurance and/or Group Booklet (if applicable)
Generally, each person must be bonded in an amount equal to at least 10% of the amount of funds he or she handled in the preceding year.
