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Bond includes a safety feature which automatically increases the bond amount (if required) at the time of loss to ensure Department of Labor regulatory compliance.1 1 Subject to bond terms and conditions. Section 412 of the Employee Retirement Income Security Act (ERISA) requires a bond for pension, 401K, profit-sharing, and thrift plans. The bond amount must not be less than 10% of the highest amount of funds handled in the preceding fiscal year of the plan up to a maximum bond of $500,000. If.

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