Understand what a fiduciary bond is and why it is important in protecting the interests of beneficiaries and other parties ...

Unlike other fidelity bonds, these bonds are free of charge and provide $5,000 worth of coverage for six months. After this period, employees may be bonded through typical commercial insurers.

These bonds are also called aggregate penalty bonds or fidelity bonds. ... Thanks to a $100,000 commercial blanket bond, the company should be compensated for half the total loss.

Similarly, if you purchase a corporate bond from a company like Coca-Cola Co. (ticker: KO), you effectively become one of its creditors. [ Sign up for stock news with our Invested newsletter.

SAN JUAN, Puerto Rico, Dec. 2, 2024 /PRNewswire/ -- Compliance with the Employee Retirement Income Security Act of 1974 (ERISA) remains a critical obligation of retirement plan sponsors and ...