The fidelity bond required under ERISA specifically insures a plan against losses due to fraud or dishonesty (e.g., theft) by persons who handle plan funds or property.

ERISA requires that fiduciaries carry bond coverage valued at: The law specifically requires that this fidelity bond insures a plan against losses due to fraud or dishonesty – theft being the …

The Employee Retirement Income Security Act of 1974 (ERISA) requires that most employee benefit plans purchase a bond that protects against fraud or dishonest acts of its plan oficials.

Jun 27, 2018 · An ERISA fidelity bond is a type of insurance that protects a 401 (k) plan from losses caused by acts of fraud or dishonesty (e.g., theft, embezzlement or forgery) by “plan …

Fiduciary Bond Requirements Sometimes known as a “dishonesty bond,” a fidelity bond protects certain employee benefit plans against losses caused by fraud or dishonesty of a fiduciary or …

An ERISA fidelity bond is an insurance policy that protects retirement plans from losses due to intentional acts of fraud, dishonesty, theft, embezzlement, or forgery.

Jun 28, 2022 · The ERISA fidelity bond, also known as an employee dishonesty bond, is a legal requirement arising from ERISA to protect plans against losses resulting from an act of fraud …

Feb 3, 2025 · ERISA fidelity bonds are sometimes confused with fiduciary liability insurance. The fidelity bond required under ERISA specifically insures a plan against losses due to the acts of …

The bond must protect the plan against losses caused by “fraud or dishonesty” by the plan officials, which would include, for example, the larceny, theft, embezzlement, forgery, or …

ERISA requires that every fiduciary of an employee benefit plan and every person who handles funds of the plan be bonded to protect employee benefit plans from risk of loss due to fraud or …