alexa Posted October 8, 2008 Posted October 8, 2008 Are VEBA's required to have fidelity bond coverage? I'm thinking not since not a qualified plan
Ron Snyder Posted October 10, 2008 Posted October 10, 2008 It's not the IRC but ERISA that mandates fidelity bonds. VEBAs are trusts (or associations) qualified under IRC § 501©(9). Yes, VEBAs are required to carry fidelity bonds.
alexa Posted October 10, 2008 Author Posted October 10, 2008 It's not the IRC but ERISA that mandates fidelity bonds. VEBAs are trusts (or associations) qualified under IRC § 501©(9). Yes, VEBAs are required to carry fidelity bonds. what is the amount required? thx
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