Evaluating the Department's Regulations and Guidance on ERISA Bonding Requirements and Exploring Reform Considerations

This document is about the Advisory Council on Employee Welfare and Pension Benefit Plans' evaluation of the Department of Labor's regulations and guidance on ERISA bonding requirements. It explores ways to improve the current bonding requirements, including expanding the scope of mandated insurance coverage, ensuring sufficient recovery amounts, and clarifying the distinctions between various types of insurance policies to better safeguard plan funds and other property from acts of fraud and dishonesty.