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 →
As we begin the new year, many enterprises are establishing or reviewing their pension, 401(K) and defined benefit plans. Surety One, Inc. would like to remind you that U.S. Codes, ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1… Continue Reading →
Do you have the statutorily required ERISA fidelity bond in place? The first of the year is a good moment to review your compliance checklist! Federal ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1 and 29 C.F.R. Part… Continue Reading →
If you are having any difficulty understanding the requirement(s) for an ERISA fidelity bond, the following is directly from and authored by the “Authority”, the U.S. Department of Labor. ERISA section 412 and related regulations (29 C.F.R. § 2550.412-1 and… Continue Reading →
Since we write a looooooooooooot of of ERISA fidelity bonds, we get this particular question very frequently. The best “legal” definition is contained within the U.S. Department of Labor’s circular FAB 2008-04. An ERISA section 412 bond must protect the… 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 →
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 →
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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