Employee Retirement Income Security Act

The Employee Retirement Income Security Act (ERISA), was enacted in the U.S.A. in 1974 to assure that employees participating in private sector pension and benefit plans, and their beneficiaries, receive the benefits that the plans promise to them. This legal act governs how employee benefit and pension plans are managed and also requires that organizations that have USA employee benefit or pension plans purchase an ERISA fidelity bond and provide evidence of cover to the regulator. ERISA is administered and enforced by the U.S. Department of Labor. 

Read an article about ERISA bonds.