Keyword Analysis & Research: omnibus definition erisa

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What is the meaning of omnibus?

noun, plural om·ni·bus·es, or, for 1, om·ni·bus·ses. bus 1 (def. 1). a volume of reprinted works of a single author or of works related in interest or theme. pertaining to, including, or dealing with numerous objects or items at once: an omnibus bill submitted to a legislature.

What is ERISA and why does it matter?

ERISA was the culmination of a long line of legislation concerned with the labor and tax aspects of employee benefit plans. Since its enactment in 1974, ERISA has been amended to meet the changing retirement and health care needs of employees and their families.

What is an omniomnibus account?

Omnibus accounts refer to accounts that hold more than one item ( omni- meaning 'many' and -bus meaning 'business'). A minimum of two individuals are required to create an omnibus account. All transactions occurring within an omnibus account will appear under the name of the associated broker, leaving the details of individual investors private.

What is Title 1 of ERISA?

The provisions of Title I of ERISA, which are administered by the U.S. Department of Labor, were enacted to address public concern that funds of private pension plans were being mismanaged and abused. ERISA was the culmination of a long line of legislation concerned with the labor and tax aspects of employee benefit plans.


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