A Third Party Administrator (TPA) must collect plan information from Plan Sponsors each year in order to complete the valuation and required filings. Providing accurate information to your TPA is critical, but one area often overlooked is reporting accurate fidelity...
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Fidelity Bond
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Fidelity Bond Coverage Requirements
Plan sponsors often overlook the importance of maintaining an ERISA fidelity bond for an employee benefit plan. However, ignoring this requirement could result in unwanted scrutiny from the Department of Labor (DOL). As a way to protect employee benefit plans from any...