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ERISA

What is an ERISA Bond, and Why Do We Need One?

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What is an ERISA Bond, and Why Do We Need One?

The Employee Retirement Income Security Act of 1974 (ERISA)  is a federal statute governing standards for private pension plans, including vesting requirements, funding mechanisms, and plan design. An ERISA's primary purpose it so protect plan participants from misappropriation of funds by the plan trustee or administrators. 

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