A type of Fidelity Bond or insurance policy that protects the plan assets against theft, fraud or dishonesty by Fiduciaries and other persons who handle plan funds or property. Acts covered by an ERISA Bond include but are not limited to embezzlement, larceny, theft, forgery, willful misapplication, willful conversion, willful abstraction and other acts of dishonesty. You can read more about ERISA Bonds here.
