The Department of Labor can easily monitor whether the ERISA fidelity bond requirements have been met. Plan administrators are obligated to file a federal Form 5500 schedule H annually, which asks specifically if the plan is bonded and the plan’s dollar amount. Civil AND criminal penalties can be applied for failure to fulfill this very basic statutory requirement. The nation’s leader in surety, Surety One, Inc., bonds plans with non-qualifying assets, ESOPs, labor union and multi-employer plans. Remember in 2013, this ERISA fidelity bond is mandatory. Visit us at www.ERISA-Bonds.com, call anytime at (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com.
