PainPA Posted December 5, 2007 Posted December 5, 2007 Does a plan sponsor need to carry an ERISA Fidelity Bond when they have more than 1 plan (401k and a DB plan)? Could the bond have both plans names and all parties involved?
JanetM Posted December 5, 2007 Posted December 5, 2007 We do. Ours is with Chubb and lists all plans in the US that require a bond. JanetM CPA, MBA
WDIK Posted December 5, 2007 Posted December 5, 2007 Ours is with Chubb and lists all plans in the US that require a bond. That's quite a long list. ...but then again, What Do I Know?
JanetM Posted December 5, 2007 Posted December 5, 2007 LOL it is. We sponsor 6 DC and 14 DB. Significantly lower count since we spent years merging plans. JanetM CPA, MBA
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