ERISA Bonded Benefits?

scottorr

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?

skyrocket

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.

markita

>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]

Pearce

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.