A Pension Plan surety bond (also called an ERISA surety bond) is a fidelity surety bond that protect the money in pension, retirement and profit sharing funds from fraud, dishonesty and theft by the fund manager or fiduciary. The Employee Retirement and Income Security Act (ERISA, also called Pension Reform Act of 1974) requires 10% of qualified funds and 100% of non-qualified funds must be protected by a fidelity surety bond.
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