The statute requires that the bond shall provide protection to the plan against loss by reason of acts of fraud or dishonesty on the part of a plan administrator, officer, or employee, directly or through connivance with others.
29 C.F.R. § 2580.412-7 — Statutory provision—scope of the bond. · eCFR editorial change effective 2017-01-01 · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-2580.412-7&asof=1997-07-01 · printed Oct 16, 2026