{"id":230,"date":"2013-01-24T04:37:39","date_gmt":"2013-01-24T04:37:39","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=230"},"modified":"2017-01-03T16:20:46","modified_gmt":"2017-01-03T16:20:46","slug":"erisa-bonds-what-are-they-and-why","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/erisa-bonds-what-are-they-and-why\/","title":{"rendered":"ERISA Bonds, what are they and why?"},"content":{"rendered":"<p>The\u00a0Employee Retirement Income Security Act of 1974\u00a0(ERISA),\u00a0enacted on September 2, 1974. ERISA is federal statute\u00a0which establishes minimum standards for pension plans in private industry and provides for extensive rules on the tax\u00a0effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by requiring the disclosure of financial and other information concerning the plan to beneficiaries, establishing standards of conduct for plan fiduciaries, and by providing immediate access to the federal court system. \u00a0One of the most important protections guaranteed by ERISA is the requirement that fiduciaries provide a <a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\">fiduciary bond<\/a>, also known as an <a title=\"ERISA Bonds.com\" href=\"http:\/\/www.erisa-bonds.com\" target=\"_blank\">ERISA bond<\/a>. \u00a0An <a title=\"ERISA Bonds.com\" href=\"http:\/\/www.erisa-bonds.com\" target=\"_blank\">ERISA bond<\/a> is a <a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\">fidelity bond<\/a> that protects plan assets from the dishonest acts of a plan fiduciary. \u00a0The ERISA bond is MANDATORY, and must be issued in an amount no less than ten percent of the plan assets. \u00a0Many insurance carriers will not bond plans with significant percentages of non-qualified assets, employer issued securities (<a title=\"ERISA Bonds.com\" href=\"http:\/\/www.erisa-bonds.com\" target=\"_blank\">ESOP ERISA bonds<\/a>), labor unions or multi-employer plans.\u00a0\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\">Surety One, Inc.<\/a>, offers ERISA bonds for ANY type of plan, regardless of its make up.\u00a0Visit us at\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>. \u00a0GET BONDED WITHIN THE HOUR!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Employee Retirement Income Security Act of 1974\u00a0(ERISA),\u00a0enacted on September 2, 1974. ERISA is federal statute\u00a0which establishes minimum standards for pension plans in private industry and provides for extensive rules on the tax\u00a0effects of transactions associated with employee benefit plans. ERISA&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/erisa-bonds-what-are-they-and-why\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[250,5,6,7,251],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ERISA Bonds, what are they and why? &bull; Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/erisa-bonds-what-are-they-and-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ERISA Bonds, what are they and why? &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"The\u00a0Employee Retirement Income Security Act of 1974\u00a0(ERISA),\u00a0enacted on September 2, 1974. ERISA is federal statute\u00a0which establishes minimum standards for pension plans in private industry and provides for extensive rules on the tax\u00a0effects of transactions associated with employee benefit plans. ERISA... 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