bonding requirement

[Gary]

my understanding is that a db plan that is not a "one participant plan" must meet bonding requirements and the amount of bond is generally 10% of plan assets.

what are the consequences if a plan is audited and does not have a bond in place?

not sure if it is plan disqualification? fine? other?

this is under assumption that the plan has not sufferred any damages.

thanks

looking at erisa 412 i didn't observe anything concrete.

[Belgarath]

you may find this interesting. And there was another discussion threas even more recently that referred to the Snyder case. Search under "bonding" and you'll find some discussion.

http://benefitslink.com/boards/index.php?s...&hl=bonding