Why Are ERISA Bonds Required?

When you sponsor a retirement plan for your employees, they are trusting you with their money. A single act of fraud or dishonesty related to the plan funds can have a devastating impact. That’s why, for the protection of the...

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Explained: ERISA Bonds and Fiduciary Liability Insurance

If you sponsor a retirement savings plan for employees, for the protection of the plan, you are required by law to have an ERISA fidelity bond. It is also critical for retirement plan sponsors to protect themselves, since under the...

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ERISA Bonds Explained

When you sponsor a retirement plan at your business, you are specifically required by the Employee Retirement Income Security Act (ERISA) to obtain a fidelity bond. The purpose of an ERISA fidelity bond is to protect an employer sponsored retirement...

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ERISA Bonds Made Simple

ERISA Fidelity Bonds are a requirement of the U.S. Department of Labor for the protection of company sponsored retirement plans. All individuals with a role in handling the company sponsored retirement plan, must, by law, have an ERISA Fidelity Bond....

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ERISA Bonds Explained: Five Facts

The Employee Retirement and Security Act (ERISA) specifically requires those responsible for company sponsored retirement plans to obtain a fidelity bond, known as an ERISA bond, to protect the plan against losses due to dishonesty or fraud. Five Important Facts About ERISA Bonds...

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The Importance of ERISA Bonds

  The words “fiduciary breach,” conjure something big going wrong with the company-sponsored retirement plan, resulting in headline-making allegations. In reality, a painful, “regular,” plan sponsor error, failure to have the ERISA fidelity bond as required by The Department of...

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ERISA Fidelity Bonds # 10 Facts Plan Sponsors Need To Know

Compiled with guidance from accountants, attorneys, and ERISA compliance experts If you sponsor a workplace retirement plan — a 401(k), profit-sharing plan, or similar arrangement — you carry one of the most consequential legal obligations in employment law. Embedded within...

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Four Important Facts About ERISA Fidelity Bonds

Employee benefit and retirement plans make companies and business that offer them fantastic places to work. Yet mistakes or dishonesty can happen to even the best companies, which can put those benefits at risk. That’s where The Employee Retirement Income...

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July Is Form 5500 Time: Don’t Let an ERISA Bonding Gap Trigger a DOL Audit

When you sponsor a calendar-year retirement plan, July brings more than just summer barbecues—it brings the high-stakes responsibility of filing Form 5500 by the July 31 deadline. While most plan sponsors rely on third-party administrators (TPAs) to prepare this report,...

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ERISA Fidelity Bond: Avoiding Mistakes

When you sponsor a retirement plan (like a 401k), you are trusted to safeguard the life savings of employees. That’s why a federal law, the Employee Retirement Income Security Act (ERISA) specifically requires you (and anyone handling plan funds) to...

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