What is an ERISA Bond?
ERISA stands for the Employee Retirement Income Security Act of 1974. ERISA insurance protects employees’ assets, such as 401ks and retirement plans, in the event that the company has committed a dishonest act. It sets a minimum standard for pension plans and guarantees the payment of benefits to employees. ERISA coverage also gives participants the right to sue for breach of benefits.
Contact Patrick J. Thomas Agency for ERISA Bond application in Minnesota. We proudly serve the Twin Cities: Minneapolis and St. Paul, and are licensed in numerous states.