ERISA Fidelity Bond Impact Analysis—H.R. 2988’s Fiduciary Reforms vs. ERISA Bond Compliance Under ERISA § 412 H.R. 2988, as reported in the House on December 30, 2025, is best analyzed as a fiduciary-governance proposal rather than an ERISA fidelity bond… Continue Reading →
The Form 5500 series remains a cornerstone of employee benefit plan compliance under the Employee Retirement Income Security Act of 1974 (ERISA). Administered jointly by the U.S. Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit… Continue Reading →
The Employee Retirement Income Security Act of 1974 requires that every person who handles plan assets be bonded to protect against loss due to fraud or dishonesty. Under ERISA Section 412 plan officials must be covered by a fidelity bond… Continue Reading →
The Retrodate ERISA Fidelity Bond: Unraveling ERISA’s Hidden Risk The Employee Retirement Income Security Act (ERISA) was introduced in 1974, a federal law that protects employees and beneficiaries that participate in private sector retirement and health plans. ERISA is enforced… Continue Reading →
Benefit plan administrators, TPAs, registered investment advisors and plan sponsors often question the requirement for an ERISA fidelity bond that protects plan assets from dishonest conduct. So, we offer a brief ERISA fidelity bond explanation. The historical trigger that led… Continue Reading →
We frequently remind our client TPAs, pension plan architects and plan sponsors of the importance of carrying a proper ERISA fidelity bond. Plan participants work hard for their employers and must enjoy the assurance that their contributions are safeguarded. The… Continue Reading →
For plan administrators and fiduciaries overseeing ERISA-covered retirement plans, compliance with the Employee Retirement Income Security Act (ERISA) is paramount. A critical deadline looms—March 17th—the final date to correct excess contributions for highly compensated employees (HCEs) and failed Actual Deferral… Continue Reading →
An ERISA fidelity bond, with few exceptions, is required by federal law (ERISA) for the protection of plan assets from the dishonest acts of plan trustees. An Employee Stock Ownership Plan (ESOP) is not generally an exception. A hybrid of… Continue Reading →
We’ve been reporting for years that there is a great deal of non-compliance with ERISA bond requirements. Our advice has always been that regardless of your plan size, number of participants or your opinion about exemptions for your plan, it… Continue Reading →
Fling an ERISA bond is a fiduciary duty required by the Employee Retirement Income Security Act of 1974 (ERISA), with few exceptions. The bond must be issued by a surety company that appears on the U.S. Treasury’s circular of insurers acceptable… Continue Reading →
A fidelity bond for a standard qualified, non-qualified, ESOP, MEP and an ERISA bond for a 403(b) plan (with an exception for certain church-sponsored accounts) is required to comply with the Act (ERISA). Per the U.S. Department of Labor’s circular,… Continue Reading →
ERISA bond underwriters have generally avoided the fidelity bonding of multiemployer plans (MEPs) due to perceived risks with collective bargaining agreements and plan management responsibilities. Not to be confused with a “multiple employer” plan, an MEP is a plan for which… Continue Reading →
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