ERISA Bonding: Who Needs It and When Is It Required?
If you are an employer who offers employee benefit plans, it’s essential to know about the Employee Retirement Income Security Act (ERISA) and its bonding requirements. ERISA mandates that fiduciaries be bonded to protect employee benefit plans from losses caused by fraudulent or dishonest acts. But who needs ERISA bonding? When is it required? And …