I have done several ERISA bonds, but am not super familiar with using an Employee Dishonesty policy with the ERISA compliance endorsement. The bond is generally going to be less expensive because you only need to bond for 10% of the plan. But the nice option with those is the inflation guard endorsement. The advantage to a an ED policy seems to be that you can purchase coverage for theoretically the whole amount of the retirement plan.
But am I missing something here? Just trying to figure out if a policy is better than a bond or if that is situational or ???
But am I missing something here? Just trying to figure out if a policy is better than a bond or if that is situational or ???
