Does federal law require employers to offer retirement plans?

No, federal law does not require any employer to establish a retirement plan. Though, employers that do offer retirement plans are required to meet minimum standards set by the law. Some examples of these ERISA rules include:

• Part-time employees who work 1,000 hours or more annually must be credited with a portion of the benefit in proportion to a full-time employee

• Employees must be provided with plan information, such as information about plan features and funding

• Plans cannot exclude employees based on age or any other demographic.