"Section 412 of [ERISA] requires every person who handles funds or other property of a plan to be bonded ... Such persons include plan fiduciaries but may also include any director, officer or employee of the fiduciary.... Based on [an] analysis of 2020 plan year 5500s, nearly 10% of plans were inadequately covered by their fidelity bonds.... [T]here are several risks associated with not meeting the requirements,"  MORE >>