You may have heard of ERISA bonds before. You very likely have heard of 401(k) plans. But did you know the two are connected? I have found that, even in the insurance business, there is a lot of uncertainty as to what ERISA bonds do, how they work, and why they are required. ERISA is an acronym for the Employee Retirement Income Security Act of 1974, which was enacted into federal law to set minimum standards for retirement and health plans and to provide protection for individuals enrolled in the plans. ERISA bonds are fidelity bonds that act as employee … Continue reading
Sign up for our quarterly newsletter to keep up to date with the latest news, announcements, and for an inside look of the VAST Blue Culture!