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Showing content with the highest reputation on 03/12/2013 in Posts
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Penalty for not having fidelity bond?
masteff reacted to david rigby for a topic
Original ERISA section 412 states "...not less than 10 per centum of the amount of funds handled." Committee reports notes that this "...provision is generally identical to present section 13 of the Welfare and Pension Plans Disclosure Act..." Thus, while it may be an arbitrary percent, it was a continuation of a previous standard.1 point
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