Do you have the statutorily required ERISA bond in place? Federal ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1 and 29 C.F.R. Part 2580) require that every fiduciary of an employee benefit plan and every person who handles funds… Continue Reading →
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… Continue Reading →
Plans containing non-qualifying assets must be covered by an ERISA fidelity bond that meets the requirements of section 412 of ERISA however there is a difference in the bond amount required under the Federal Code. Instead of the ten percent… Continue Reading →
As we have stressed in previous blogs, if you sponsor a defined benefit plan or act as a plan fiduciary you had BETTER make sure that you have an adequate ERISA fidelity bond. So what happens if your plan gets… Continue Reading →
The Employee Retirement Income Security Act of 1974 (ERISA), enacted on September 2, 1974. ERISA is federal statute which establishes minimum standards for pension plans in private industry and provides for extensive rules on the tax effects of transactions associated with employee benefit plans. ERISA… Continue Reading →
Yes, Employer Stock Ownership Plans MUST have an ERISA fidelity bond, there is no exemption. Surety One, Inc., is a specialist in surety and fidelity bond underwriting. We are one of the largest producers of ERISA fidelity bonds in the nation. Our knowledge,… Continue Reading →
Surety One, Inc., is a specialist in surety and fidelity bond underwriting. We are one of the largest producers of ERISA fidelity bonds in the nation. Our knowledge, extensive experience with ERISA bonds, and our broad fidelity underwriting authorities allow us to fulfill your… Continue Reading →
ERISA Sections 3(37) and Sec. 4001(a)(3)), define a multi-employer plan as a collectively bargained plan maintained by more than one employer, usually within the same or related industries, and a labor union. These plans are often referred to as “Taft-Hartley plans”…. Continue Reading →
If you have any experience with ERISA plan bonding, then you know how tough it is to place an ERISA fidelity bond for a labor union. In fact, most ERISA bond applications specifically state, “not to be used with union… Continue Reading →
Did you forget that you must have a bond for your defined benefit plan? Have you been out of compliance for months or MORE!??? Retro-dating ERISA bonds presents unique underwriting concerns for surety underwriters however, we have a solution for… Continue Reading →
Need further information about about ERISA law, cases, and all of our fidelity bond applications? Visit our new ERISA bond page at www.ERISA-Bonds.com!
Are your company retirement plan managers bonded? Federal ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1 and 29 C.F.R. Part 2580) require that every fiduciary of an employee benefit plan and every person who handles funds or other property… Continue Reading →
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