As a federal law, ERISA's main purpose is to protect the interests of workers who participate in qualified plans. ERISA law encompasses a range of benefits, such as retirement accounts, health care plans, life insurance, and longterm disability insurance.ERISA contains various standards that a plan must meet in order to receive favorable tax treatment, and also governs plan termination. There are several creative ways for the parties to handle ERISA subrogation claimsin the settlement of workers' compensation cases. ERISA guarantees that employees will receive their benefits even if their employer declare bankruptcy. ERISA section 510 makes it unlawful for any person to discharge, fine, suspend, expel, discipline, or discriminate against a participant or beneficiary. The Employee Retirement Security Act of 1974 (ERISA), is a complex federal law that regulates employee health care benefit and pension plans. ERISA section 510 makes it unlawful for any person to discharge, fine, suspend, expel, discipline, or discriminate against a participant or beneficiary. Not an ERISA plan and therefore enforceable in a state law contract action). XIX discusses ERISA ESOP litigation.