ERISA (Employee Retirement Income Security Act of 1974) bonds protect the assets of a company that have been allocated as benefits for their employee pension plans.
Bonds coverage is determined by:
- 10% of the fund assets the person handles or acts upon in a fiduciary role
- Subject to minimum bond of $1,000 to maximum of $500,000
Obtain an ERISA Bond:
Additional guidance may be found on the Department of Labor Employee Benefits Security Administation website.