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.
Tyrone is a ghost town located in Grant County, New Mexico, United States, in the southwestern part of the state. Tyrone was an elaborately planned community financed by the Phelps Dodge Corporation, based on Mediterranean and European styles, designed by well-known architect Bertram Goodhue and built in 1915 at a cost of more than a million dollars. A drop in copper prices in 1921 closed the mines and the town was deserted. The townsite was later destroyed as part of Phelps Dodge's development of the Tyrone open-pit copper mine, which began operation in 1969.