Vermillion is a city in and the county seat of Clay County, in the southeastern corner of the U.S. state of South Dakota, and the tenth largest city in the state. Vermillion lies atop a bluff on the Missouri River. The area has always been home to various Native American tribes. French fur traders first visited in the late 1700s. Vermillion was founded in 1859 and incorporated in 1873. The name refers to the Lakota name: wa sa wak pa'la (red stream). Home to the University of South Dakota, Vermillion has a mixed academic and rural character: The University is a major academic institution for the state, boasting the state's only law and medical school, the state's only AACSB accredited business school, and several well-regarded academic departments. Major farm products include corn, soybeans, and alfalfa. The population was 9,765 at the 2000 census. Vermillion is also home to the National Music Museum.

Employee Benefits And Erisa Law Lawyers In Vermillion South Dakota

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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 South Dakota

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....