What is an ERISA Bond?
ERISA stands for the Employee Retirement Income Security Act, a law that regulates pension plans. It requires employers who sponsor pension plans to have this fidelity bond coverage. An ERISA bond protects employees against losses to their pensions that might be caused by dishonesty. Every pension plan trustee, as well as every person who handles pension plan funds or property, must be bonded with an RISA bond.
