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 →
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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 →