|
ERISA
- Congress enacted the ERISA Act of 1974 applying to employee benefit plans. In addition to the structure and rules applying to these plans, the government required that anyone handling or having access to the funds of these plans post a bond for at least 10% of the total accumulated amount of money in each plan. This bond protects the participants of the plan from embezzlement of the funds.
Business owners failing to maintain adequate coverage for ERISA plans are subject to severe penalties issued by the government resulting in potential financial loss.
Review your employee benefit plans today to insure that
you are in compliance with Federal law and that your employee/participants are covered from dishonest acts
that might cause a loss to these plans.
To make an inquiry or request a bond, click here ERISA App
|
