Qualified Retirement Plan. In addition to completing, signing, and dating your qualified retirement plan’s adoption agreement, there are a few other key items to be aware of. In general, every plan fiduciary, administrator, officer, or employee who handles funds or other property of the plan must be bonded for at least 10 percent of the amount the individual handles. The minimum bond amount, irrespective of plan asset value, is $1,000. The maximum amount required is $500,000 ($1,000,000 for a plan that holds employer securities). You can obtain a fidelity bond from your insurance agent. The bond should be in the plan’s name (not the company’s name).
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Samples: Qualified Retirement Plan, Qualified Retirement Plan, Qualified Retirement Plan
