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 →
Judicial surety bonds have traditionally been perceived as instruments with fixed penalties, explicitly capping the surety’s liability to the bond’s face amount. This understanding has long provided a clear framework for sureties, principals, and obligees alike. Recent judicial interpretations have… 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 →
A Surety One, Inc. oferece uma ampla gama de serviços de fianças internacionais, atendendo às diversas necessidades de nossos clientes, sejam elas comerciais, contratuais ou de fidelidade. Nosso compromisso é fornecer soluções rápidas e eficazes para garantir a segurança e… Continue Reading →
Nel vasto mondo della finanza, ci sono strumenti e concetti che possono sembrare complessi o poco chiari. Uno di questi è la garanzia finanziaria. Che cos’è esattamente? Come funziona? E perché è importante? Scopriamolo insieme. Cos’è una Garanzia Finanziaria? Una… Continue Reading →
Entre las clases de fianza (cauciones) más difíciles para un suscriptor figura el pedido de garantía financiera (“financial guarantee“). Hay fianzas comerciales que incluyen cláusulas y provisiones que contemplan el “pago de sumas” pero por lo general son remedios para… Continue Reading →
The state statute that obligates contractors to provide bonding, RCW 18.27.040 (1) has been amended to require increased Washington contractor license bond penalties. Effective July 1st of this year, the minimum surety bond amounts required from both Specialty and General… Continue Reading →
Happy spring to all and, did you remember your surety bond renewal? Whether you’re a contractor, a business owner, or a professional in need of surety bonds, understanding the renewal process is crucial to maintaining compliance and ensuring ongoing operations…. Continue Reading →
Per the Small Business Administration’s recent announcement, “Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s cabinet for America’s more than 33 million small businesses, announced that for the first time… Continue Reading →
The Surety Business After Supreme Court Decision on DEI presents a new risk management concern. In the case of Students for Fair Admissions, Inc. v. President & Fellows of Harvard College and identical plaintiff v. University of North Carolina, No….. Continue Reading →
It appears that the State of Nevada will require a surety bond from private education loan lenders and servicers. Assembly Bill 332 amends Nevada Rev. Statutes Title 55 relating to Banks and Related Organizations, adding a new chapter regulating private… Continue Reading →
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