Newsbrief

January 9, 2024

Protect retirement dreams with ERISA bonds

Traveling the world. Buying a beach house. Retirement dreams like these can turn into nightmares when a dishonest employee is managing a pension or benefit plan. With an ERISA bond from Liberty Mutual Surety, you can help make sure your customers’ funds are protected.

 

An ERISA bond, also called a fidelity bond, protects insureds from losses incurred as a result of dishonest activity by a covered person. The Employee Retirement Income Security Act (ERISA) of 1974 requires that all fiduciaries or individuals appointed to oversee and manage employee benefit plans obtain an ERISA bond. If the fiduciary steals or embezzles from the benefit plan, the bond will cover incurred losses up to the coverage limit.

 

Interested in offering ERISA bonds? Visit us online at the Surety Agents’ Portal, or contact us at bonds@libertymutual.com.

 

Traveling the world. Buying a beach house. Retirement dreams like these can turn into nightmares when a dishonest employee is managing a pension or benefit plan. With an ERISA bond from Liberty Mutual Surety, you can help make sure your customers’ funds are protected.   An ERISA bond, also called a fidelity bond, protects insureds…

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