All About ERISA Bonds: What Every Plan Sponsor Should Know

If your business offers a 401(k) or another retirement plan, you have taken on a legal responsibility along with the employee benefit: retirement plans are regulated by the high standards of the Employee Retirement Income Security Act (ERISA). One piece...

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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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Civil Court: Understanding Injunctions and Injunction Bonds

In civil litigation, courts can issue injunctions to prevent defendants from taking actions that cause irreparable harm to plaintiffs—such as halting construction projects or pausing business deals. Depending on the timing it involves, an injunction may be classified as an...

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Property Disputes: Using Replevin and Replevin Bonds for Asset Recovery

When property is wrongfully detained or withheld during a dispute, the standard pace of civil litigation can be a significant liability. Waiting for a final judgment is rarely a viable option—especially when the contested assets are critical to day-to-day business...

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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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What About The Providers of The Provider?

Retirement plan sponsors are responsible for vetting the cybersecurity practices of their third party providers. But what about the providers those providers outsource too? Yes, indeed: plan sponsors need to know about subcontractors and the standards and protocols in place...

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Public Protection: Notaries and Notary Bonds Explained

Notaries Public witness so many of our life-changing decisions, such as powers of attorney, estate, prenuptial agreements, real estate transactions and many other activities that enable our civil society to operate.  Given the seriousness of their duties, Notaries are required by...

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