Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can an employee dishonesty policy also cover an Employee Retirement Income Security Act (ERISA) bond?

April 26, 2017ACT Bond cover dishonesty employee ERISA income policy retirement security

0

Posted

Can an employee dishonesty policy also cover an Employee Retirement Income Security Act (ERISA) bond?

1 Answer

0

Posted

Yes, an endorsement can be added to include ERISA compliance. ERISA requires a bond equal to 10% of the assets up to a maximum limit of $500,000. This is very convenient and eliminates the need for a separate ERISA bond.