A. ERISA stands for Employee Retirement Income Security Act. It is administered and enforced by three bodies: Labor Department’s Employee Benefits Security Administration, the Treasury Department’s Internal Revenue Service, and the Pension Benefit Guaranty Corporation. ERISA protects the interests of employee benefit plan (retirement, health, and welfare) participants and their beneficiaries. It requires plan sponsors to provide plan information to participants and establishes standards of conduct for plan managers and other fiduciaries. ERISA does not require employers to establish benefit plans and it does not require that plans provide a minimum level of benefits. Instead, it regulates the operation of a benefit plan once it has been established. ERISA preempts all state laws that relate to any employee benefit plan, with certain, enumerated exceptions.