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ERISA Bonded Benefits?

scottorrscottorr 599 Posts
in Benefits & Leave Vote Up0Vote Down
Our CFO asked me to find out which of our employee benefit plans are required to be bonded under ERISA. Do any of you know?
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  • 3 Comments sorted by Votes Date Added
  • skyrocketskyrocket 75 Posts
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    Hello again Scottor:
    If you have a tax-qualified retirement plan (such as 401(k), ESPO, etc.) you must have a Fiduciary Bond in place for this plan.

    I am not aware of any requirement to have a bond for a health benefit plan - particularly if your health plans (medical, dental, visions, etc.) are not self-funded.

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  • markitamarkita 8 Posts
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    >Hello again Scottor:
    >If you have a tax-qualified retirement plan (such as 401(k), ESPO,
    >etc.) you must have a Fiduciary Bond in place for this plan.
    >
    >I am not aware of any requirement to have a bond for a health benefit
    >plan - particularly if your health plans (medical, dental, visions,
    >etc.) are not self-funded.

    What if you are self-funded? Would you then have to have a bond.
    [email]Markita@bayoustateoil.com[/email]


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  • PearcePearce 70 Posts
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    You can find the bonding requirements for employee benefit plans in the United States Code, Title 29, Chapter 18, Subchapter I, Subtitle B, part 4, Section 1112.
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