Employee Benefit Security Act

[AI summary unavailable — showing source text] Employee Benefit Security Act - Declares it to be the policy of this Act to protect interstate commerce and the interests of participants in employee benefit plans and their beneficiaries: (1) by requiring the disclosure and reporting to participants and beneficiaries of financial and other information, (2) by establishing standards of fiduciary conduct upon all persons who exercise any power of control with respect to employee benefit funds or have authority to do so, or have responsibility in the administration of employee benefit plans, and (3) by providing appropriate remedies, sanctions, and ready access to the Federal courts. Sets forth the definitions of terms used in this Act. Title I: Judiciary Responsibility and Disclosure - Provides that this title shall apply to any employee benefit plan: (1) if it is established or maintained by any employer engaged in commerce, or by any employee organization in which employees engaged in commerce participate, or both. Provides that the administrator of an employee benefit plan shall cause to be published in accordance with this Act to each participant or beneficiary covered thereunder a description of the plan and other specified inf…