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VEBA & fidelity bond coverage
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alexa
Oct 7 2008, 07:55 PM
Are VEBA's required to have fidelity bond coverage?
I'm thinking not since not a qualified plan
vebaguru
Oct 10 2008, 08:34 AM
It's not the IRC but ERISA that mandates fidelity bonds.
VEBAs are trusts (or associations) qualified under IRC § 501©(9).
Yes, VEBAs are required to carry fidelity bonds.
alexa
Oct 10 2008, 09:14 AM
QUOTE (vebaguru @ Oct 10 2008, 09:34 AM)
It's not the IRC but ERISA that mandates fidelity bonds.
VEBAs are trusts (or associations) qualified under IRC § 501©(9).
Yes, VEBAs are required to carry fidelity bonds.
what is the amount required?
thx
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