Protecting the Plan Just in Case

June 28, 2012 at 7:20 am Leave a comment

A Plan Fiduciary has many different responsibilities.   The most important duty a Plan Fiduciary has is maintaining the plan in the best interests of plan participants.   Recently, I posted an example of plan embezzlement.  One way of protecting the plan against fraud or dishonesty including theft is through the purchase of an ERISA fidelity bond.  There are exceptions regarding what plans must have the bond, but most retirement plans are required to be bonded.  In addition, there is no penalty for a plan to have a bond if not required or to exceed minimum bond requirements.

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When Plan Fiduciaries Ignore Their Duties How to Find a Lost Pension

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

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