Bloomfield Hills is a city in Oakland County of the U.S. state of Michigan, 20.2 miles (32.5 km) northwest of downtown Detroit. As of the 2000 census, the city population was 3,940. Bloomfield Hills consistently ranks as one of the top five wealthiest cities in the United States with population between 2,500 to 9,999 — it currently is listed at the number four position and in 1990 it was ranked number two, and has the highest income of any city outside of California or Florida. The median income for a family is over $200,000. 49% of homes in Bloomfield Hills have a value of over $1,000,000.

Employee Benefits And Erisa Law Lawyers In Bloomfield Hills Michigan

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What is employee benefits and ERISA law?

ERISA requires plans to provide participants with plan information including important information about plan features and funding; provides fiduciary responsibilities for those who manage and control plan assets; requires plans to establish a grievance and appeals process for participants to get benefits from their plans; and gives participants the right to sue for benefits and breaches of fiduciary duty. Attorneys may represent employees or they may represent the company in the design, preparation, and review of plan, trust, and employee communication documents to implement pension, profit sharing, employee stock ownership, fringe benefit, flexible benefit, and all types of employee welfare plans.

Answers to employee benefits and ERISA law issues in Michigan

Individual retirement plans are accounts that you can set up for yourself, without any connection to your employer,...

An employer retirement plan is just what it sounds like: a plan set up by your employer to fund your retirement....