Employee Benefits Protection Act

[AI summary unavailable — showing source text] Employees Benefits Protection Act - Avers that the effect of employee benefit plans has become increasingly interstate in character. Declares it to be the policy of this Act to establish fiduciary standards of conduct in persons having the power or duty to control and dispose of employee benefit funds. Title I: Amendments to the Welfare and Pension Plans Disclosure Act - Defines additional terms for the purpose of this Act, including "employee benefit plan" (to include either or both types of benefit plans, welfare or pension). Permits a person to maintain a civil action for recovery of benefits due him notwithstanding the fact that the plan in which he is enrolled has no more than 15 enrollees. Reasserts the duty imposed on the administrator of an employee benefit plan to publish and distribute to each participant a plan description and a report upon termination of the plan. Sets forth the criteria for adequacy of a plan description; and vests authority for making rules and regulations concerning this reporting requirement in the Secretary of Labor. Extends the reporting requirement to the administrator of any employee benefit plan providing for an employee benefit fund subject to…