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

This document is about the ERISA bonding requirements and the author's insights on the current state of the market, including the types of coverage available, the definitions of "plan officials," the adequacy of recovery amounts, the possibility of expanding coverage to pre-contribution funds, and the need for better education and guidance from the Department of Labor on the distinctions between various insurance policies. The author provides recommendations for potential reforms to improve compliance and further protect plan funds and property.