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erisa fidelity bond

DOL Prosecutes Plan without ERISA Bond ~ Chao v. Snyder & Snyder Farm Supply, Inc.

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 →

ERISA Fidelity Bond Inflation Guard ~ What it is and Why it Matters

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 →

An ERISA Bond for a 403(b) Plan ~ An Easy Solution!

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 Fidelity Bond for Multiemployer Plan Structures (MEP) ~ No Applicant Declined!

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 →

ERISA Fidelity Bonds for 2016

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 →

ERISA Bond Obligation, DOL

ERISA Fidelity Bonds






ERISA Fidelity Bond Reminder 2015

ERISA Fidelity Bonds






ERISA Fidelity Bond Reminder for 2014.

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 →

ERISA Fidelity Bonds, The D.o.L’s Position

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 →

What does an ERISA bond cover?

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 →

ERISA Bond

Do you have the statutorily required ERISA bond in place?  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… Continue Reading →

ERISA fidelity bond compliance.

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 →

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