The Robin S. Weingast Knowledge Center

At Robin S. Weingast and Associates, we believe that a critical component of client service is making relevant knowledge readily available and then working with you to ensure that you understand how the latest insights apply to your needs and goals.

Need to Know

The Robin S. Weingast and Associates team is always on the cutting edge of the ever-changing laws. We are informed about the latest regulations, legislation, and deadlines that impact your business. Read our Blog

Resource of the Month

Every month, the Robin S. Weingast and Associates team will showcase a resource that meets your needs and that can help you achieve your business goals. Every resource is available for you to download, and we’ll feature the resource each month on our Need to Know Blog. Browse our Resources

Newsletters

Robin S. Weingast & Associates, Inc. subscribes to four online newsletters that can help you stay informed on current economic and investment news. Read our Newsletters.

Pension Services Platforms

We provide you with the opportunity to view Plan Sponsor and Participant Web site of the pension services platforms we offer. Visit our Pension Services Platforms.

Free Planning Guides

Robin S. Weingast and Associates offers comprehensive guides on Retirement Planning, Business Benefits Planning, and Estate Planning. These guides are designed to give you the information you need to make sound decisions for yourself, your employees, and your company.

 

Please contact us for a complimentary copy of our three guides.

The Robin S. Weingast and Associates team can even walk you through each guide to answer any questions you have about the information in them.

ERISA/FIDELITY BOND

ERISA mandates qualified plans be covered by a fidelity bond. The minimum bond amounts required must be for a least 10% of plan assets as of the beginning of the plan year plus the anticipated contribution for the plan year or $1,000, whichever is greater. The maximum bond required is generally $500,000.

Every administrator, officer, and employee of any plan who handles funds or other property of such plan must be bonded. The bond protects the plan against loss “by reason of acts of fraud or dishonesty” on the part of an administrator, officer, or employee.

FIDUCIARY LIABILITY INSURANCE

Fiduciaries have important responsibilities and are subject to standards of conduct because they act on behalf of participants in a retirement plan and their beneficiaries. With the additional focus on fiduciaries and their responsibilities for ERISA plans, many employers are discussing fiduciary liability insurance.

ERISA section 410 allows a plan to purchase insurance for its fiduciaries or for itself covering losses occurring from fiduciary breach.

We have partnered with Colonial Surety Company, a leading provider of ERISA/Pension Fidelity Bonds. They are a national insurance company registered in all 50 states and all U.S. territories, providing insurance products since 1930. They are the largest direct seller of ERISA/Pension Fidelity Bonds in the U.S. 

Learn MoreWhy do I need Fiduciary Liability Insurance?

© 2018 by Robin S. Weingast & Associates, Inc.

100 Quentin Roosevelt Boulevard Suite # 507
Garden City, NY 11530 

516.794.1450 • rsw@rswtpa.com

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