Category: ERISA Bonds

ERISA is the acronym for Employee Retirement Income Security Act, enacted in 1974. The legislative intent behind enacting ERISA was to safeguard employees and the concerned beneficiaries from the mismanagement or denial of funds as per retirement plans sponsored by the employer. ERISA bonds are a way that employees and their families can secure their position. Employers’ failure to provide funds can cause serious losses to the employees. This failure can be due to forgery, wrongful conversi read more