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alexa
Are VEBA's required to have fidelity bond coverage?
I'm thinking not since not a qualified plan
vebaguru
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
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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