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I hope you find our site useful.  If you are here, you have some interest in the federal law known as "ERISA."  This is an acronym for the "Employee Retirement Income Security Act of 1974."   Whether you are a business seeking to set up a benefit plan or a participant, I hope you will find the resources you need at



The ROBS tax and ERISA practice of Michael D. Hughes is unique in the marketplace. Unlike our non-lawyer competitors, Mr. Hughes is a tax and pension law attorney, not a marketing organization that acts as a middleman marking up the services provided by others. Those organizations are in violation of state laws prohibiting the unauthorized practice of law and are in danger of being shut down by state bar associations.


Experienced Professional

Work on your ROBS transaction is done by experienced lawyers, not data entry clerks trained to do a specific task but have no real concept of the totality of the project or expertise with the income tax and state laws that will impact the project.

"Promoters aggressively market ROBS arrangements to prospective business owners. In the franchise area, franchisors often refer prospective franchisees to ROBS promoters to finance the purchase of a franchise. In many cases, the franchisor pays an undisclosed referral fee to the ROBS promoter."

Call 727-460-2919 to speak to Mike personally if you are considering a ROBS transaction

For an excellent fair-minded article see:

Rollovers as Business Startups: A Guide to Using Retirement Funds to Start a Business


A little help from your friend!

If you call or email me with a quick question I'll be happy to point you in the right direction with an ERISA related issue.  I do not charge a fee for these calls, but feel free to make a contribution through the following "Donate" button.  This will help me defray the cost of maintaining this free site and allow me to recover some compensation for the time that I spend with you.

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More on ERISA

The Employee Retirement Income Security Act of 1974 (ERISA) (Pub.L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a federal law that establishes minimum standards for pension plans in private industry and provides for extensive rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by:

  • Requiring the disclosure of financial and other information concerning the plan to beneficiaries;
  • Establishing standards of conduct for plan fiduciaries;
  • Providing for appropriate remedies and access to the federal courts.

ERISA is sometimes used to refer to the full body of laws regulating employee benefit plans, which are found mainly in the Internal Revenue Code and ERISA itself.

Responsibility for the interpretation and enforcement of ERISA is divided among the Department of Labor, the Department of the Treasury (particularly the Internal Revenue Service), and the Pension Benefit Guaranty Corporation.




Whether you carry a briefcase or you are a small business owner with a storefront or a toolbox, if you have any form of employee benefit plan such as a retirement plan, 401(k) plan or health plan, ERISA haas a major impact on your operations.