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Cash Balance Plans: Just the Facts

Cash Balance Plans: Just the Facts

What is a Cash Balance Plan? A cash balance plan is a type of qualified pension plan in which the employer guarantees a contribution level and a minimum rate of return. Often referred to as a hybrid plan, a cash balance plan has many charac- teristics of both a...

Fidelity Bonds: Just the Facts

Fidelity Bonds: Just the Facts

In 1974, the Employee Retirement Income Security Act (ERISA) was enacted to regulate most types of employee benefit plans. An ERISA fidelity bond is a type of insurance that protects the plan against losses caused by acts of fraud or dishonesty by persons who handle plan funds or property.