In the context of EHP
The SIMERP is governed by ERISA. That means it requires a formal plan document, a summary plan description (SPD) for employees, and proper fiduciary administration. EHP provides those documents as part of the program.
Term
ERISA.
The Employee Retirement Income Security Act of 1974 - the federal law governing employer-sponsored benefit plans, including health, retirement, and welfare plans.
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