The Cyber Theft Gap: Why an ERISA Fidelity Bond May Not Respond to Modern Cyber-Enabled Losses, and How Sponsors Close the Exposure The retirement plan ecosystem has become a high-value target for cybercriminals because defined contribution plans concentrate liquid assets,… Continue Reading →
2026 EBSA Cybersecurity Enforcement and ERISA Fidelity Bonds: Compliance, Claims Causation, and Control Frameworks. First installment of our ERISA bond special report. Plan sponsors have always understood that the ERISA fidelity bond is mandatory, but too often it is treated… Continue Reading →
Recent U.S. Department of Labor (DOL) and Employee Benefits Security Administration (EBSA) actions have signaled a more permissive posture toward certain “non-traditional” retirement plan investments, particularly digital assets and alternative investment components within defined contribution structures. For plan sponsors, advisers,… Continue Reading →
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 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 →
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