The Employee Retirement Income Security Act (ERISA) was enacted in 1974. The act does not require than an employer offer any particular benefits to employees, but instead governs how employee benefit and welfare programs, once offered by an employer, must be managed. In essence, an employer, who decides to provide employees with "funded" benefits, or those requiring contributions from employees or on their behalf, assumes a host of new responsibilities under the law. ERISA is jointly administered by the Pension and Welfare Benefits Administration of the Department of Labor and the Internal Revenue Service, and applies to group pension plans, health insurance, disability benefits, death benefits, pre-paid legal services, vacation benefits, day care centers, scholarship funds, apprenticeships, and training benefits, where offered by an employer to its employees and their beneficiaries.